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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. You need to build a complex account rule. Which four value types you use in yourdefinition?
A) Source
B) Mapping Set
C) Value Set
D) Account Combination
E) Existing Account Rule
F) Constant
2. Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
A) User Transaction Identifier
B) Attribute Identifier
C) System Identifier
D) Source System Identifier
3. 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 supporting reference to derive amounts.
B) Use a custom formula in a description rule to derive amounts.
C) Use a custom formula in an account rule to derive amounts.
D) Use a custom formula in a journal line rule to derive amounts.
4. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?
A) an Oracle Transactional Business Intelligence analysis
B) a Smart View Report
C) an Oracle Financial Reporting Studio report
D) a predefined Oracle Business Intelligence Publisher report
5. 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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
A) Assign it to an accounting method.
B) Assign it to a transaction type.
C) Assign it to an accounting attribute.
D) Assign it to an account rule.
Solutions:
Question # 1 Answer: A,B,E,F | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |
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