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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The rule is built using a line level source.
B) The source does not return any value; therefore the rule is not displayed.
C) The rule is built using a custom source.
D) The rule is built using a value set source.

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

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

3. Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journal line?

A) Assign an accounting attribute.
B) You do not need to do anything additional.
C) Assign a custom formula.
D) Assign a line classification or line type attribute.

4. Which four options are used to reconcile subledger journal entries?

A) Set up reconciliation using the reconciliation reference accounting attribute.
B) Assign a descriptive text and source on journal lines.
C) Tag supporting references with journal entry lines.
D) Run the Subledger Accounting Method Setups report.
E) Run the Subledger Accounting Diagnostics report.
F) Build a custom OTBI report.

5. In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

A) Use a custom formula in a description rule to derive amounts.
B) Use a custom formula in a journal line rule to derive amounts.
C) Use a custom formula in a supporting reference to derive amounts.
D) Use a custom formula in an account rule to derive amounts.

Solutions: