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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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 Truck' 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 andloss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you set up an account rule that is based on leased and owned trucks?

A) Set up a value set rule.
B) Set up a mapping set rule.
C) Set up an account source in the source system file and derive the value.
D) Set up a lookup value.

2. Which three are mandatory transaction source information?

A) Transaction Line
B) Ledger Name
C) Transaction Number
D) Distribution Link
E) Transaction Date

3. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A) Journal Line Rule
B) Event Class
C) Event Type
D) Journal Entry Rule Set
E) Journal Entry

4. Which is an alternate way to implement a mappingset rule?

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

5. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Processing Unit Size
B) Accounting Unit Commit Size
C) Buffer Unit Size
D) Virtual Machine Processing Size

Solutions: