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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?

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

2. 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

3. Which two actions can you accomplish for a registered source system?

A) Add new event classes through the user interface.
B) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
C) Revise source Information through the user interface and add more sources.
D) Modify the subledger application name as long as thereare no pending accounting entries.

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

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

5. 'Insurances for Homes' company provide home insurance service. 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 forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.

A) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
B) "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
C) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
D) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")

Solutions: