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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. '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) Multiperiod class
B) Accounting class
C) Recurring Journal class
D) Recognition Journal class

3. What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Accounting Unit Commit Size
B) Virtual Machine Processing Size
C) Buffer Unit Size
D) Processing Unit Size

4. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Download a new transaction data template.
B) Activate the accounting method.
C) There is no required action. The mapping addition is complete.
D) Activate the journal entry rule set.

5. Which three are mandatory transaction source information?

A) Transaction Date
B) Distribution Link
C) Ledger Name
D) Transaction Line
E) Transaction Number

Solutions: