Question 1

Your client provides loans to their customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria. Which FOUR value types should you use in the definition of your account rules to generate journal entries as per the customer's requirement?

Options :

A : Source

B : Mapping set

C : Constant

D : Account combination

E : Value set

F : Account rule

Answer: A,B,C,F

Question 2

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?

Options :

A : Deferral and Recognition

B : Reversal and Recognition

C : Multiperiod and Recognition

Answer: A

Question 3

Which two options can you use to reconcile subledger journal entries with the source system?

Options :

A : Create and submit the Oracle Transactional BI Report to review supporting reference balances.

B : Submit the Period Close Exception Report

C : Submit the Subledger Accounting Diagnostics report

D : Tag supporting references with Journal Line Rules

Answer: B,C

Question 4

NO: 5: Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. How many event classes will be generated by the system while registering the source system?

Options :

A : Four

B : Two

C : One

D : Three

Answer: C

Question 5

NO: 1: 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?

Options :

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