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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

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

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) Run predefined reports and filter the report with the available report parameters.
C) Build a new data warehouse solution.
D) Request support team to download subledger Journal entry data.

4. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The source does not return any value; therefore the rule is not displayed.
B) The rule is built using a value set source.
C) The rule is built using a line level source.
D) The rule is built using a custom source.

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

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

Solutions: