NEW QUESTION 1
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

• A. ERP Integration Service
• B. Oracle Web Center Content Client Command line tool
• C. Oracle Virtual Web Center Services
• D. Oracle UCM Web Services

Answer: C

NEW QUESTION 2
Given the business 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 source code 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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

• A. Enable intercompany balancing option
• B. Enable balancing rules
• C. Enable legal entity rule
• D. Enable chart of accounts rule

Answer: A

NEW QUESTION 3
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. Set the "SLA: Diagnostics Enabled" profile option.
• B. Run Create Accounting again to generate journal entries for the events that ended in error.
• C. Submit the Accounting Event Diagnostics process.
• D. Run the Accounting Events Diagnostic Report.

Answer: A

NEW QUESTION 4
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header. When uploading transactions, which is a way to differentiate each Journal line?

• A. Assign a custom formula.
• B. Assign an accounting attribute.
• C. You do not need to do anything additional.
• D. Assign a line classification or line type attribute.

Answer: D

NEW QUESTION 5
'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.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.

• A. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
• B. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
• C. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date" "Effective Date") + 1)
• D. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")

Answer: D

NEW QUESTION 6
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 source code 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 Deploy Trucks
• D. Purchase Trucks and Pay Out Trucks

Answer: B

NEW QUESTION 7
What can you override in a completed subledger journal entry?

• A. the amounts
• B. the descriptions
• C. the account
• D. the supporting Information

Answer: C

NEW QUESTION 8
What are all the tabs that are available to be completed in the Register Source System spreadsheet?

• A. Source System and Line Information
• B. Source System and Transaction Information
• C. Source System
• D. Source System, Transaction Information, and Line Information

Answer: D

NEW QUESTION 9
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

• A. Reporting Sequence
• B. Accounting Sequence
• C. Journal Entry Sequence
• D. Document Sequence

Answer: B

NEW QUESTION 10
What is the required date format used to import accounting transactions to Accounting Hub Cloud?

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

Answer: D

NEW QUESTION 11
While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

• A. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
• B. The account rule is defined with conditions that are not allowing the assignment.
• C. The account rule does not return any valid account value.
• D. The account rule is defined with a different chart of accounts from the journal entry rule set.

Answer: AD

NEW QUESTION 12
'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. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

• A. Offsets and Recognition
• B. Deferral and Recognition
• C. Reversal and Recognition
• D. Multiperiod and Recognition

Answer: B

NEW QUESTION 13
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

• A. transfer Balances to FAH Reporting Cloud Service
• B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
• C. upload transaction data into FAH Reporting Cloud Service
• D. provide real-time visibility to financial reports in FAH Reporting Cloud Service

Answer: B

NEW QUESTION 14
Which three duty roles are required to perform Accounting Hub setup tasks?

• A. Accounting Hub Maintenance
• B. Subledger Accounting Manager
• C. Accounting Hub Administration
• D. Application Implementation Consultant
• E. Accounting Hub Integration

Answer: CDE

NEW QUESTION 15
What is a user job role data context assignment?

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

Answer: C

NEW QUESTION 16
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?

• A. One subledger for the 3 Loan systems and one subledger for Insurance.
• B. One subledger for each source system.
• C. One subledger for all 4 source systems.
• D. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.

Answer: AC

NEW QUESTION 17
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