NEW QUESTION 1
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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

• A. Two primary ledgers
• B. One primary ledger
• C. One primary, one secondary ledger
• D. One primary, one repotting currency ledger

Answer: B

NEW QUESTION 2
'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.
Insurance premium Is to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

• A. Offsets and Recognition
• B. Deferral and Recognition
• C. Reversal and Recognition
• D. Multiperiod and Recognition

Answer: B

NEW QUESTION 3
A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

• A. Activate the journal entry rule set.
• B. Activate the accounting method.
• C. There is no required actio
• D. The mapping addition is complete.
• E. Download a new transaction data template.

Answer: C

NEW QUESTION 4
What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

• A. Transaction objects
• B. Event entities
• C. Source objects
• D. Mapping sets

Answer: A

NEW QUESTION 5
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

• A. an Oracle Financial Reporting Studio report
• B. a predefined Oracle Business Intelligence Publisher report
• C. an Oracle Transactional Business Intelligence analysis
• D. a Smart View Report

Answer: C

NEW QUESTION 6
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

• A. Reporting Sequence
• B. Accounting Sequence
• C. Journal Entry Sequence
• D. Document Sequence

Answer: B

NEW QUESTION 7
How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

• A. Two
• B. One
• C. Three
• D. Unlimited

Answer: B

NEW QUESTION 8
What is a user job role data context assignment?

• A. Security privileges assignment to a user job role
• B. Security data role context assignment to a user job role
• C. Security data access context assignment to a user job role
• D. Duty role context assignment to a user

Answer: C

NEW QUESTION 9
Which two can you use to view supporting reference balances?

• A. Use the Supporting Reference Balance Inquiry page.
• B. Submit the standard Supporting Reference Balances Report.
• C. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
• D. Use Business Intelligence Publisher to build a custom report.

Answer: AC

NEW QUESTION 10
Which three duty roles are required to perform Accounting Hub setup tasks?

• A. Accounting Hub Maintenance
• B. Subledger Accounting Manager
• C. Accounting Hub Administration
• D. Application Implementation Consultant
• E. Accounting Hub Integration

Answer: CDE

NEW QUESTION 11
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

• A. Conversion type and conversion date
• B. Conversion type, conversion date and conversion rate
• C. Conversion date and conversion rate
• D. Conversion type

Answer: C

NEW QUESTION 12
What can you override in a completed subledger journal entry?

• A. the amounts
• B. the descriptions
• C. the account
• D. the supporting Information

Answer: C

NEW QUESTION 13
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?

• A. define line description rule with condition
• B. define journal line rules with conditions
• C. define journal entry rule set with condition
• D. define user transaction line identifier

Answer: A

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 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. Line Type
• B. Currency
• C. Amount
• D. Customer Number

Answer: D

NEW QUESTION 15
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. Use either Account Monitor or Account Inspector to get required Information.
• B. Build a Financial Reporting Studio report that includes all dimensions.
• C. Build an OTBI analysis that includes a relevant subject area.
• D. Create a Smart View report using the query designer feature.

Answer: C

NEW QUESTION 16
......