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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A) Run Create Accounting again to generate journal entries for the events that ended in error.
B) Run the Accounting Events DiagnosticReport.
C) Submit the Accounting Event Diagnostics process.
D) Set the "SLA: Diagnostics Enabled" profile option.

2. While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A) The account rule is defined with a different chart of accounts from the journal entry rule set.
B) The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
C) The account rule does not return any valid account value.
D) The account rule is defined with conditions that are not allowing the assignment.

3. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Source
B) Mapping Set
C) Value Set
D) Account Combination
E) Existing Account Rule
F) Constant

4. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Multiperiod class
B) Accounting class
C) Recognition Journal class
D) Recurring Journal class

5. Which transaction source is used to link transaction header and line information?

A) Transaction Number
B) Transaction Key
C) Transaction Type
D) Transaction Date

Solutions: