Oracle Accounting Hub Cloud Service 2018 Implementation Essentials

QUESTION NO: 1
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. Add this as a new transaction type into existing registered subledger from the user interface. B. Add this as a new transaction typo into existing subledger registration spreadsheet template. C. Change the transaction data file. D. Register it as a new source system.

Correct Answer: B,C

QUESTION NO: 2
You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A. Set the "SLA: Diagnostics Enabled" profile option. B. Run the Accounting Events Diagnostic Report. C. Run Create Accounting again to generate journal entries for the events that ended in error. D. Submit the Accounting Event Diagnostics process.

Correct Answer: A

QUESTION NO: 3
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.

Correct Answer: B,D

QUESTION NO: 4
'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 for slicing 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 two dates.

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") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1) D. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")

Correct Answer: D

QUESTION NO: 5
Which four options are used to reconcile subledger journal entries?

A. Run the Subledger Accounting Diagnostics report. B. Build a custom OTBI report. C. Run the Subledger Accounting Method Setups report. D. Set up reconciliation using the reconciliation reference accounting attribute. E. Tag supporting references with journal entry lines. F. Assign a descriptive text and source on journal lines.

Correct Answer: A,B,C,E

QUESTION NO: 6
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 would the typical line information be?

A. Transaction Date B. Company C. Truck Type D. Customer Number

Correct Answer: D

Oracle Accounting Hub Cloud Service 2018 Implementation Essentials - 1Z1-1019 Exam Questions