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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. 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 Journalline?

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

3. A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?

A) One subledger for the 3 Loan systems and one subledger for Insurance.
B) One subledger for each source system.
C) One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
D) One subledger for all 4 source systems.

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

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

5. Which three are mandatory transaction source information?

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

Solutions: