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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Reversal and Recognition
B) Deferral and Recognition
C) Offsets and Recognition
D) Multiperiod and Recognition

2. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A) Add this as a new transaction typo into existing subledger registration spreadsheet template.
B) Register it as a new source system.
C) Change the transaction data file.
D) Add this as a new transaction type into existing registered subledger from the user interface.

3. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?

A) Transfer in Details
B) Summarize by GL Period
C) Group by GL Date
D) Summarize by GL Date

4. Which two can you use to view supporting reference balances?

A) Use the Supporting Reference Balance Inquiry page.
B) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
C) Submit the standard Supporting Reference Balances Report.
D) Use Business Intelligence Publisher to build a custom report.

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

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

Solutions: