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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A) Build an OTBI analysis that includes a relevant subject area.
B) Create a Smart View report using the query designer feature.
C) Build a Financial Reporting Studio report that includes all dimensions.
D) Use either Account Monitor or Account Inspector to get required Information.

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

4. What is NOT included in the minimum required accounting attribute assignments?

A) Accounting Date
B) Distribution Type
C) First Distribution Identifier
D) Second Distribution Identifier

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 for slicing and dicing the journal entries.
Insurance premium Is 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) Multiperiod and Recognition
B) Offsets and Recognition
C) Deferral and Recognition
D) Reversal and Recognition

Solutions: