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Oracle Accounting Hub Cloud 2022 Implementation Professional Questions and Answers

Question 1

Which two statements are true about the Accounting Hub Cloud?

Options:

A.

It brings together disparate accounting systems into a centrally-accessible source of truth

B.

Integration of information into the Accounting Hub Cloud is restricted to a maximum of three source systems

C.

It has a robust Accounting Engine which allows you to configure accounting rules

D.

It does not allow publishing output files to PeopleSoft General Ledgers

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Question 2

Which three are mandatory transaction source information?

Options:

A.

Transaction Number

B.

Transaction Line

C.

Ledger Name

D.

Transaction Date

E.

Distribution Link

Question 3

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?

Options:

A.

LineType

B.

Currency

C.

Amount

D.

Customer Number