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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic attribute
B) enable transaction debug
C) enable diagnostic source
D) enable diagnostic profile

2. Which is an alternate way to implement a mapping set rule?

A) Define a lookup type rule with conditions.
B) Define a flexfield rule with conditions.
C) Define an account rule with conditions.
D) Define a chart of account rule with conditions.

3. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

A) Source System Identifier
B) User Transaction Identifier
C) System Identifier
D) Attribute Identifier

4. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Recurring Journal class
B) Multiperiod class
C) Recognition Journal class
D) Accounting class

5. What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

A) Document Sequence
B) Accounting Sequence
C) Journal Entry Sequence
D) Reporting Sequence

Solutions: