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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Which transaction source is used to link transaction header and line information?

A) Transaction Type
B) Transaction Date
C) Transaction Number
D) Transaction Key

2. '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) Deferral and Recognition
B) Reversal and Recognition
C) Multiperiod and Recognition
D) Offsets and Recognition

3. A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?

A) Request support team to download subledger Journal entry data.
B) Build a new data warehouse solution.
C) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
D) Run predefined reports and filter the report with the available report parameters.

4. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Virtual Machine Processing Size
B) Buffer Unit Size
C) Accounting Unit Commit Size
D) Processing Unit Size

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

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

Solutions: