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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A) Add this as a new transaction type into existing registered subledger from the user interface.
B) Add this as a new transaction typo into existing subledger registration spreadsheet template.
C) Register it as a new source system.
D) Change the transaction data file.

2. How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

A) Three
B) One
C) Unlimited
D) Two

3. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

A) Source System Identifier
B) User Transaction Identifier
C) System Identifier
D) Attribute Identifier

4. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) YYYY-MM-DD
B) MM-DD-YYYY
C) DD-MON-YYYY
D) The user can customize the date format

5. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A) Journal Entry
B) Journal Line Rule
C) Event Type
D) Event Class
E) Journal Entry Rule Set

Solutions: