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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?

A) The account override feature adjusts the original source transaction.
B) The account override feature is only intended to correct subledger journals that have been posted.
C) The account override feature provides an audit trail by preserving the original subledger journal entry.
D) The account override feature allows users to record a reason for the adjustment.

2. In the process of analyzing data from a source system you find that there are no reliable amounts that canbe used to build a subledger journal entry.
How can you resolve this challenge?

A) Use a custom formula in a journal line rule to derive amounts.
B) Use a custom formula in an account rule to derive amounts.
C) Use a custom formula in a supporting reference to derive amounts.
D) Use a custom formula in a description rule to derive amounts.

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

4. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversion date and conversion rate
B) Conversion type
C) Conversion type, conversion date and conversion rate
D) Conversiontype and conversion date

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

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

Solutions: