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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A) upload transaction data into FAH Reporting Cloud Service
B) provide real-time visibility to financial reports in FAH Reporting Cloud Service
C) transfer Balances to FAH Reporting Cloud Service
D) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service

2. While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

A) The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
B) The account rule is defined with conditions that are not allowing the assignment.
C) The account rule is defined with a different chart of accounts from the journal entry rule set.
D) The account rule does not return any valid account value.

3. '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. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Recognition Journal class
B) Multiperiod class
C) Accounting class
D) Recurring Journal class

4. Which four options are used to reconcile subledger journal entries?

A) Run the Subledger Accounting Diagnostics report.
B) Tag supporting references with journal entry lines.
C) Run the Subledger Accounting Method Setups report.
D) Assign a descriptive text and source on journal lines.
E) Set up reconciliation using the reconciliation reference accounting attribute.
F) Build a custom OTBI report.

5. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

A) Transfer in Details
B) Summarize by GL Period
C) Summarize by GL Date
D) Group by GL Date

Solutions: