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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

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

3. There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?

A) define user transaction lineidentifier
B) define line description rule with condition
C) define journal entry rule set with condition
D) define journal line rules with conditions

4. You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classificationinformation.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?

A) Use the Open Account Balances Listing report that has balances by customer.
B) Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
C) Use Supporting References to capture customer classification information.
D) Use the Third Party Control Account feature.

5. What is the key attribute that is used to query journalentries of a registered source system?

A) Transaction Date
B) Ledger Name
C) Accounting Date
D) Journal Source

Solutions: