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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

3. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual 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 premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Recognition Journal class
B) Recurring Journal class
C) Accounting class
D) Multiperiod class

4. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Accounting Sequence
B) Document Sequence
C) Reporting Sequence
D) Journal Entry Sequence

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

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

Solutions: