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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic source
B) enable diagnostic attribute
C) enable transaction debug
D) enable diagnostic profile

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

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

3. 'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual 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 premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Offsets and Recognition
B) Multiperiod and Recognition
C) Reversal and Recognition
D) Deferral and Recognition

4. Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes insurance payments received from customers. The end result of the process consists of a listing of individual 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?

A) Assign a line classification or line type attribute.
B) You do not need to do anything additional.
C) Assign an accounting attribute.
D) Assign a custom formula.

5. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A) Build a Financial Reporting Studio report that includes all dimensions.
B) Use either Account Monitor or Account Inspector to getrequired Information.
C) Create a Smart View report using the query designer feature.
D) Build an OTBI analysis that includes a relevant subject area.

Solutions: