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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. What is a user job role data context assignment?

A) Security data access context assignment to a user job role
B) Security privileges assignment to a user job role
C) Security data role context assignment to a user job role
D) Duty role context assignment to a user

3. Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

A) Manage Accounting Attribute Assignments
B) Manage Subledger Accounting Options
C) Specify Ledger Options
D) Manage Reporting Currencies

4. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, In some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the Internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

A) Two primary ledgers
B) One primary, one repotting currency ledger
C) One primary, one secondary ledger
D) One primary ledger

5. What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

A) Oracle Virtual Web Center Services
B) Oracle Web Center Content Client Command line tool
C) Oracle UCM Web Services
D) ERP Integration Service

Solutions: