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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q52-Q57):

NEW QUESTION # 52
Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?

  • A. Event Class
  • B. Rounding Class
  • C. Accounting Class
  • D. Business Flow Class

Answer: A


NEW QUESTION # 53
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?

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

Answer: C


NEW QUESTION # 54
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteri a. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?

  • A. Value set
  • B. Lookup type
  • C. Mapping set
  • D. Account combination
  • E. Segment

Answer: C,D,E


NEW QUESTION # 55
Which TWO options can you use for reconciling subledger journal entries with the source system?

  • A. Submit the Subledger Accounting Diagnostics report
  • B. Submit the Subledger Accounting Diagnostics report
  • C. Tag supporting references with Journal Line Rules
  • D. Submit Period Close Exception Report

Answer: A,D


NEW QUESTION # 56
Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?

  • A. Financial Reporting Studio
  • B. Smart View
  • C. Account Group
  • D. Oracle Transactional Business Intelligence

Answer: D


NEW QUESTION # 57
......

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