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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?

A) You can define a default output value to use when actual input values do not match the mappings
B) One mapping set can be used for only one account rule at a time
C) The mappings can be entered only by using the user interface
D) Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
E) You can use up to 10 transaction or reference attributes as input in a mapping

2. Your client is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?

A) Natural Account should be defined as a "Text" type source
B) Chart of Accounts Value column should be updated with a value of "Yes"
C) Natural Account should be defined as a "Long Text" type source
D) Natural Account should be defined as a "Number" type source

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. While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?

A) Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
B) The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
C) Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
D) Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached

5. Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep in their source system. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?

A) Source systems
B) Event classes
C) Event types
D) Journal sources

Solutions: