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NEW QUESTION # 42
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as an input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which TWO options allow the validation of input values on mapping sets?
- A. Segment values
- B. Lookup types
- C. Value sets
- D. Chart of accounts segment
Answer: B,C
NEW QUESTION # 43
The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Deferral and Recognition
- B. Reversal and Recognition
- C. Multiperiod and Recognition
Answer: A
NEW QUESTION # 44
Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?
- A. DD-MON-YYYY
- B. DD-MON-YY
- C. YY-MON-DD
- D. YYYY-MON-DD
Answer: D
NEW QUESTION # 45
Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?
- A. Define a separate journal entry rule set for each rate type
- B. Set up separate journal line rules for adjustable and fixed rates
- C. Set up separate description rules for adjustable and fixed rates
- D. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
Answer: B,D
NEW QUESTION # 46
Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
- A. Smart View
- B. Oracle Transactional Business Intelligence
- C. Account Groups and Sunburst
- D. Financial Reporting Studio
Answer: C
NEW QUESTION # 47
Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?
- A. Smart View
- B. Oracle Transactional Business Intelligence
- C. Financial Reporting Studio
- D. Account Group
Answer: B
NEW QUESTION # 48
Which four actions can you take by using Security Console?
- A. Manage Data Access for Users
- B. Manage Password of Other Users
- C. Manage User Name Generation Rules and Password Policies
- D. Manage Automatic Data Provisioning
- E. Create Roles
- F. Compare Roles
Answer: B,C,E,F
NEW QUESTION # 49
To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?
- A. Mapping sets
- B. Transaction objects
- C. Event entities
- D. Source objects
Answer: B
NEW QUESTION # 50
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. Business Flow Class
- B. Rounding Class
- C. Accounting Class
- D. Event Class
Answer: D
NEW QUESTION # 51
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a chart of accounts rule with conditions
- B. Define a lookup type rule with conditions
- C. Define an account rule with conditions
- D. Define a flexfield rule with conditions
Answer: C
NEW QUESTION # 52
Which two options can you use to reconcile subledger journal entries with the source system?
- A. Submit the Subledger Accounting Diagnostics report
- B. Submit the Period Close Exception Report
- C. Tag supporting references with Journal Line Rules
- D. Create and submit the Oracle Transactional BI Report to review supporting reference balances.
Answer: A,B
NEW QUESTION # 53
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]
Answer: D
NEW QUESTION # 54
Your client has a requirement to report directly from the transactional tables and return the results in real- time, in turn eliminating the need for a data warehouse.
Which tool would you suggest to your client for this purpose?
- A. Smart View
- B. Oracle Transactional Business Intelligence
- C. Financial Reporting Studio
- D. Account Group
Answer: B
NEW QUESTION # 55
Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
- A. Smart View
- B. Oracle Transactional Business Intelligence
- C. Account Groups and Sunburst
- D. Financial Reporting Studio
Answer: C
NEW QUESTION # 56
What is NOT included in the minimum required accounting attribute assignments?
- A. First Distribution Identifier
- B. Accounting Date
- C. Distribution Type
- D. Second Distribution Identifier
Answer: D
NEW QUESTION # 57
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Accounting Hub Integration
- C. Accounting Hub Maintenance
- D. Application Implementation Consultant
- E. Subledger Accounting Manager
Answer: B,D,E
NEW QUESTION # 58
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.
While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?
- A. Document Key
- B. Transaction Type
- C. Transaction Number
- D. Document Sequence Number
Answer: C
NEW QUESTION # 59
A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?
- A. Summarized Transaction type information cannot be sent for accounting transformation
- B. Use separate subledgers to provide more security across applications
- C. Use separate subledgers to share sub-ledger accounting rules
- D. Use separate subledgers to ensure less data processing in each run
- E. A transaction type and its associated transaction data typically relate to a single document of transaction
Answer: B,D,E
NEW QUESTION # 60
Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep in their source system. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Journal sources
- B. Event types
- C. Source systems
- D. Event classes
Answer: B
NEW QUESTION # 61
You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?
- A. Group by general ledger period
- B. Group by general ledger date
- C. Summarize by journal source
- D. Summarize by journal category
- E. Summarize by general ledger period
- F. Summarize by general ledger date
Answer: E,F
NEW QUESTION # 62
Which statement is true about journal entry rule sets?
- A. Description rules can be assigned only at the header level of a journal entry rule set.
- B. Description rules can be assigned only at the line level of a journal entry rule set.
- C. Description rules can be assigned at both the header and the line level of a journal entry rule set.
Answer: C
NEW QUESTION # 63
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