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Oracle Accounting Hub Cloud 2021 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 thirdparties 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable chart of accounts rule
B) Enable legal entity rule
C) Enable balancing rules
D) Enable intercompany balancing option

2. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value thatmaps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Download a new transaction data template.
B) Activate the accounting method.
C) There is no required action. The mapping addition is complete.
D) Activate the journal entry rule set.

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

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

4. What can you override in a completed subledger journal entry?

A) the account
B) the supporting Information
C) the descriptions
D) the amounts

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

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

Solutions: