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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) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
B) upload transaction data into FAH Reporting Cloud Service
C) provide real-time visibility to financial reports in FAH Reporting Cloud Service
D) transfer Balances to 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 line classification or line type attribute.
B) Assign a custom formula.
C) Assign an accounting attribute.
D) You do not need to do anything additional.

3. 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 wil the typical transaction information be at the header level?

A) Line Type
B) Currency
C) Customer Number
D) Amount

4. Which three are mandatory transaction source information?

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

5. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

A) Accounting Hub Create and Post Journal Entry Duty Role
B) Accounting Hub Import Duty Role
C) Accounting Hub Integration Duty Role
D) Accounting Hub Create Accounting Duty Role

Solutions: