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1. Given the business use case:
"New Trucks" runs a fleet of trucks in a rental business in the U.S. The majority of the trucks are owned; however, in some cases, "New Trucks" may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks" company has a subsidiary company "Fix Trucks" that maintains its own profit and loss entity. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?
A) One primary, one secondary ledger
B) One primary, one reporting currency ledger
C) One primary ledger
D) Two primary ledgers
2. You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?
A) Four
B) One
C) Three
D) Two
3. Which three duty roles are required to perform Accounting Hub setup tasks?
A) Application Implementation Consultant
B) Subledger Accounting Manager
C) Accounting Hub Maintenance
D) Accounting Hub Administration
E) Accounting Hub Integration
4. Oracle Transactional Business Intelligence enables developers and end users to create meaningful analyses and reports by eliminating the need for SQL skills.
Which THREE tools can be used by developers and end users, while working with Oracle Transactional Business Intelligence?
A) BI Composer
B) BI Mobile App Designer
C) BI Drive
D) BI Answers
E) BI Publisher
5. Challenge 1: Manage Journal Line Rule
TASK
Create 2 Journal Line Rule
Interest Receivable
Interest Income
Subledger Application: AHC Loan
Process Category: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A,B,E | Question # 4 Answer: A,B,D | Question # 5 Answer: Only visible for members |
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