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1. Your customer needs to generate journal entries for the insurance premium collected from the sale of policies.
The different components of the premium collected by the company include Basic Premium and Tax. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?
A) Event Class
B) Accounting Class
C) Business Flow Class
D) Rounding Class
2. Your client has implemented the Accounting Hub Cloud solution. They import their transaction data from the source system on a daily basis, and while doing so, some transactions are not being accounted properly. They want these invalid transactions purged and the correct transactions re-imported.
Which job would you submit to purge the invalid transactions?
A) Purge Invalid and Unaccounted Accounting Hub Transactions Job
B) Set Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
C) Import Accounting Transactions Job with Purge Invalid Transaction parameter set to "Yes"
D) Purge Accounting Hub Transactions Job
3. You are tasked with identifying the reason for a user from your client organization not being able to submit the job that imports the transaction data for accounting and posting in General Ledger.
You realize that a duty role needs to be associated with a job role for authorizing the access to import the accounting transactions process.
Which duty role would you suggest?
A) Accounting Hub Integration Duty Role
B) Accounting Hub Create and Post Journal Entry Duty Role
C) Accounting Hub Create Accounting Duty Role
D) Accounting Hub Import Duty Role
4. You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
A) 3:5{3:5}3:5
B) [3,5][3,5][3,5]
C) [3:5][3:5][3:5]
D) [3;5][3;5][3;5]
5. Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?
A) Four
B) One
C) Three
D) Two
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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