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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Source objects
B) Transaction objects
C) Mapping sets
D) Event entities

3. What attribute of a subledger journal entry is NOT transferred to GL?

A) Accounting class
B) Accounted amounts
C) Accounting lines
D) Supporting references

4. You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A) Run the Accounting Events DiagnosticReport.
B) Run Create Accounting again to generate journal entries for the events that ended in error.
C) Submit the Accounting Event Diagnostics process.
D) Set the "SLA: Diagnostics Enabled" profile option.

5. 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 thirdparties 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable chart of accounts rule
B) Enable intercompany balancing option
C) Enable balancing rules
D) Enable legal entity rule

Solutions: