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NEW QUESTION 12
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?
- A. Summarize by GL Date
- B. Summarize by GL Period
- C. Group by GL Date
- D. Transfer in Details
Answer: C
NEW QUESTION 13
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?
- A. One subledger for the 3 Loan systems and one subledger for Insurance.
- B. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
- C. One subledger for all 4 source systems.
- D. One subledger for each source system.
Answer: A,C
NEW QUESTION 14
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 sourcecode 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.
How do you calculate discounts for use in the accounting rule?
- A. Use mapping set rules
- B. Use flexfield
- C. Usecustom formulas
- D. Use analytical calculations
Answer: C
NEW QUESTION 15
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
- A. The source does not return any value; therefore the rule is not displayed.
- B. The rule is built using a custom source.
- C. The rule is built using a value set source.
- D. The rule is built using a line level source.
Answer: D
NEW QUESTION 16
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Create a Smart View report using the query designer feature.
- B. Use either Account Monitor or Account Inspector to getrequired Information.
- C. Build a Financial Reporting Studio report that includes all dimensions.
- D. Build an OTBI analysis that includes a relevant subject area.
Answer: D
NEW QUESTION 17
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?
- A. Attribute Identifier
- B. Source System Identifier
- C. System Identifier
- D. User Transaction Identifier
Answer: A
NEW QUESTION 18
'Insurances for Homes' company provide home insurance service. 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 forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.
- A. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1) - B. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
- C. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- D. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
Answer: C
NEW QUESTION 19
The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
- A. Register it as a new source system.
- B. Change the transaction data file.
- C. Add this as a new transaction typo into existing subledger registration spreadsheet template.
- D. Add this as a new transaction type into existing registered subledger from the user interface.
Answer: A,D
NEW QUESTION 20
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Virtual Web Center Services
- B. Oracle Web Center Content Client Command line tool
- C. ERP Integration Service
- D. Oracle UCM Web Services
Answer: A
NEW QUESTION 21
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 is defined with conditions that are not allowing the assignment.
- B. 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.
- C. The account rule is defined with a different chart of accounts from the journal entry rule set.
- D. The account rule does not return any valid account value.
Answer: B,C
NEW QUESTION 22
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounting lines
- B. Supporting references
- C. Accounted amounts
- D. Accounting class
Answer: B
NEW QUESTION 23
What is NOT included in the minimum required accountingattribute assignments?
- A. Accounting Date
- B. Distribution Type
- C. First Distribution Identifier
- D. Second Distribution Identifier
Answer: D
NEW QUESTION 24
Invoices received from a source system need touse a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?
- A. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- B. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
- C. Create a 30 account combination rule with acondition of expense type.
- D. Create two journal line rules with a condition of supplier type.
Answer: B
NEW QUESTION 25
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. Customer Number
- B. Currency
- C. LineType
- D. Amount
Answer: A
NEW QUESTION 26
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 inthe 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, 'NewTrucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How can the automatic recognition of insurance income be implemented in AccountingHub Cloud?
- A. Set up multiperiod accounting journal lines.
- B. Set up a transaction line reversal.
- C. Create an adjustment journal entry.
- D. Set up automatic Journal line reversal.
Answer: A
NEW QUESTION 27
Given the business requirement in the 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 sourcecode 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 are the key transaction types mentioned in the use case?
- A. Pay Insurance and Control Truck Services
- B. Initiate Truck Rentals Contract and Pay Truck Maintenance
- C. Purchase Trucks and Pay Out Trucks
- D. Purchase Trucks and Deploy Trucks
Answer: B
NEW QUESTION 28
Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?
- A. One primary ledger
- B. Two primary ledgers
- C. One primary, one repotting currency ledger
- D. One primary, one secondary ledger
Answer: A
NEW QUESTION 29
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 andloss 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.
How do you set up an account rule that is based on leased and owned trucks?
- A. Set up an account source in the source system file and derive the value.
- B. Set up a lookup value.
- C. Set up a value set rule.
- D. Set up a mapping set rule.
Answer: D
NEW QUESTION 30
How do you enable diagnostics on subledger transaction sources?
- A. enable transaction debug
- B. enable diagnostic attribute
- C. enable diagnostic profile
- D. enable diagnostic source
Answer: C
NEW QUESTION 31
Which four options are used to reconcile subledger journal entries?
- A. Assign a descriptive text and source on journal lines.
- B. Build a custom OTBIreport.
- C. Set up reconciliation using the reconciliation reference accounting attribute.
- D. Run the Subledger Accounting Diagnostics report.
- E. Run the Subledger Accounting Method Setups report.
- F. Tag supporting references with journal entry lines.
Answer: A,B,C,F
NEW QUESTION 32
What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?
- A. Source System and Line Information
- B. Source System, Transaction Information, and Line Information
- C. Source System
- D. Source System and Transaction Information
Answer: B
NEW QUESTION 33
Which is an alternate way to implement a mappingset rule?
- A. Define an account rule with conditions.
- B. Define a flexfield rule with conditions.
- C. Define a chart of account rule with conditions.
- D. Define a lookup type rule with conditions.
Answer: A
NEW QUESTION 34
Which two can you use to view supporting reference balances?
- A. Use the Supporting Reference Balance Inquiry page.
- B. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
- C. Submit the standard Supporting Reference Balances Report.
- D. Use Business Intelligence Publisher to build a custom report.
Answer: A,B
NEW QUESTION 35
Which three are mandatory transaction source information?
- A. Ledger Name
- B. Transaction Number
- C. Transaction Line
- D. Distribution Link
- E. Transaction Date
Answer: A,B,E
NEW QUESTION 36
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