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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What can you override in a completed subledger journal entry?

A) the descriptions
B) the supporting Information
C) the amounts
D) the account

2. 'Insurances for Homes' company provide home insuranceservice. 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 premiumIs 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) Reversal and Recognition
B) Deferral and Recognition
C) Multiperiod and Recognition
D) Offsets and Recognition

3. While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A) The account rule does not return any valid account value.
B) The account rule is defined with conditions that are not allowing the assignment.
C) The account rule is defined with a different chart of accounts from the journal entry rule set.
D) 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.

4. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Journal Entry Sequence
B) Accounting Sequence
C) Reporting Sequence
D) Document Sequence

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

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

Solutions: