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Oracle Accounting Hub Cloud 2020 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 and loss 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 calculate discounts for use in the accounting rule?

A) Use analytical calculations
B) Use mapping set rules
C) Use custom formulas
D) Use flexfield

2. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A) transfer Balances to FAH Reporting Cloud Service
B) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
C) provide real-time visibility to financial reports in FAH Reporting Cloud Service
D) upload transaction data into FAH Reporting Cloud Service

3. What are all the tabs that are available to be completed in the Register Source System spreadsheet?

A) Source System and Transaction Information
B) Source System, Transaction Information, and Line Information
C) Source System and Line Information
D) Source System

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

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

5. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Integration
B) Subledger Accounting Manager
C) Application Implementation Consultant
D) Accounting Hub Maintenance
E) Accounting Hub Administration

Solutions: