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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 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 Journal line?

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.

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

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

3. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A) provide real-time visibility to financial reports in FAH Reporting Cloud Service
B) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
C) transfer Balances to FAH Reporting Cloud Service
D) upload transaction data into FAH Reporting Cloud Service

4. Which is an alternate way to implement a mapping set rule?

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

5. You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A) Run the Accounting Events Diagnostic Report.
B) Run Create Accounting again to generate journal entries for the events that ended in error.
C) Submit the Accounting Event Diagnostics process.
D) Set the "SLA: Diagnostics Enabled" profile option.

Solutions: