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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

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

2. 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 a line classification or line type attribute.
C) Assign an accounting attribute.
D) You do not need to do anything additional.

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

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

4. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversion type
B) Conversion date and conversion rate
C) Conversion type, conversion date and conversion rate
D) Conversion type and conversion date

5. You need to build a complex account rule. Which four value types you use in yourdefinition?

A) Account Combination
B) Source
C) Existing Account Rule
D) Value Set
E) Mapping Set
F) Constant

Solutions: