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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q68-Q73):

NEW QUESTION # 68
Which statement is true about journal entry rule sets?

A. Description rules can be assigned only at the line level of a journal entry rule set.
B. Description rules can be assigned only at the header level of a journal entry rule set.
C. Description rules can be assigned at both the header and the line level of a journal entry rule set.

Answer: C

NEW QUESTION # 69
Which is an alternate way to implement a mapping set rule?

A. Define an account rule with conditions
B. Define a lookup type rule with conditions
C. Define a chart of account rule with conditions
D. Define a flexfield rule with conditions

Answer: A

NEW QUESTION # 70
Your client, a banking organization, is currently using different transaction systems for different types of loans including vehicle loans, personal loans, education loans, and housing loans. You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge off as event types.
The customer now asks you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?

A. Loan Interest Accrual Reversal can be added as a new event type from the user interface
B. The source system should be registered again by including the Loan Interest Accrual Reversal event type
C. A new transaction type cannot be added after the source system is registered
D. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template

Answer: A

NEW QUESTION # 71
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?

A. Account rule
B. Constant
C. Value set
D. Account combination
E. Source
F. Mapping set

Answer: A,B,E,F

NEW QUESTION # 72
You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.
Which TWO traits can help you further explain this feature?

A. It provides an audit trail by preserving the original subledger journal entry
B. It allows users to record a reason for the adjustment
C. It is intended to correct only the subledger journals that have been posted
D. It adjusts the original source transaction

Answer: A,B

NEW QUESTION # 73
......

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