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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 rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?

A) One primary ledger
B) One primary, one secondary ledger
C) One primary, one repotting currency ledger
D) Two primary ledgers

2. After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

A) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
B) Tell them thiscannot be implemented.
C) Register another source system that includes these new transaction sources.
D) Add new transaction sources from the user interface.

3. A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?

A) One subledger for all 4 source systems.
B) One subledger for each source system.
C) One subledger for the 3 Loan systems and one subledger for Insurance.
D) One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.

4. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

A) Accounting Hub Create Accounting Duty Role
B) Accounting Hub Create and Post Journal Entry Duty Role
C) Accounting HubIntegration Duty Role
D) Accounting Hub Import Duty Role

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

Solutions: