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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?

A) The account override feature allows users to record a reason for the adjustment.
B) The account override feature is only intended to correct subledger journals that have been posted.
C) The account override feature provides an audit trail by preserving the original subledger journal entry.
D) The account override feature adjusts the original source transaction.

2. In the process of analyzing data from a source system you find that there are no reliable amounts that canbe used to build a subledger journal entry.
How can you resolve this challenge?

A) Use a custom formula in a description rule to derive amounts.
B) Use a custom formula in an account rule to derive amounts.
C) Use a custom formula in a supporting reference to derive amounts.
D) Use a custom formula in a journal line rule to derive amounts.

3. Given the business requirement in the use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal sourcecode is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company 'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee,total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What are the key transaction types mentioned in the use case?

A) Pay Insurance and Control Truck Services
B) Initiate Truck Rentals Contract and Pay Truck Maintenance
C) Purchase Trucks and Pay Out Trucks
D) Purchase Trucks and Deploy Trucks

4. What is a user job role data context assignment?

A) Duty role context assignment to a user
B) Security data access context assignment to a user job role
C) Security privileges assignment to a user job role
D) Security data role context assignment to auser job role

5. There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?

A) define journal entry rule set with condition
B) define user transaction lineidentifier
C) define journal line rules with conditions
D) define line description rule with condition

Solutions: