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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Hub Overview and Architecture | 15% | - Common Fusion Cloud Application capabilities
|
| Topic 2: Source System Integration and Data Management | 25% | - Data upload and validation
|
| Topic 3: Subledger Accounting Configuration | 30% | - Event model and accounting events
|
| Topic 4: Implementation Best Practices and Maintenance | 10% | - Implementation methodology
|
| Topic 5: Accounting and Reporting | 20% | - Accounting generation and posting
|
Question 1
A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?
A. A transaction type and its associated transaction data typically relate to a single document of transaction
B. Use separate subledgers to ensure less data processing in each run
C. Use separate subledgers to share sub-ledger accounting rules
D. Summarized Transaction type information cannot be sent for accounting transformation
E. Use separate subledgers to provide more security across applications
Question 2
You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?
A. Two
B. Four
C. One
D. Three
Question 3
While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?
A. Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
B. The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
C. Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
D. Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
Question 4
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?
A. Mapping set
B. Lookup type
C. Account combination
D. Segment
E. Value set
Question 5
Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.
Which job would you submit to purge the invalid transactions?
A. Purge Invalid and Unaccounted Accounting Hub Transactions Job
B. Import Accounting Transactions Job with Purge Invalid Transaction parameter set to 'Yes'
C. Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
D. Purge Accounting Hub Transactions Job
Solutions:
| Question 1 Answer: A,B,E | Question 2 Answer: A | Question 3 Answer: B | Question 4 Answer: A,C,D | Question 5 Answer: C |
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