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NEW QUESTION # 47
Which statement is true about journal entry rule sets?
- A. Description rules can be assigned only at the header level of a journal entry rule set
- B. Description rules can be assigned at both the header and the line level of a journal entry rule set
- C. Description rules must carry the same chart of accounts that is attached to the journal entry rule set
- D. Description rules can be assigned only at the header level of a journal entry rule set
Answer: B
NEW QUESTION # 48
The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the USA.
The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?
- A. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
- B. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
- C. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
- D. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger
Answer: C,D
NEW QUESTION # 49
Oracle Transactional Business Intelligence enables developers and end users to create meaningful analyses and reports by eliminating the need for SQL skills.
Which THREE tools can be used by developers and end users, while working with Oracle Transactional Business Intelligence?
- A. BI Answers
- B. BI Composer
- C. BI Mobile App Designer
- D. BI Publisher
- E. BI Drive
Answer: A,B,C
NEW QUESTION # 50
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?
- A. Financial Analyst
- B. General Accounting Manager
- C. General Accountant
- D. Chief Financial Officer (CFO)
Answer: B
NEW QUESTION # 51
In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.
Which action should you take to specify the context?
- A. Select the value for Scope
- B. Select the value for Feature
- C. Select the value for Lookup Code
- D. Select the value for Functional Area
Answer: A
NEW QUESTION # 52
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 adjusts the original source transaction
- B. It provides an audit trail by preserving the original subledger journal entry
- C. It allows users to record a reason for the adjustment
- D. It is intended to correct only the subledger journals that have been posted
Answer: B,C
NEW QUESTION # 53
Which TWO privileges are recommended while enabling Audit History on several key business objects?
- A. Manage Application Objects
- B. Audit Assignment Grade
- C. View Audit History
- D. Manage Audit Policies
Answer: C,D
NEW QUESTION # 54
Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?
- A. The mappings can be entered only by using the user interface
- B. You can use up to 10 transaction or reference attributes as input in a mapping
- C. You can define a default output value to use when actual input values do not match the mappings
- D. One mapping set can be used for only one account rule at a time
- E. Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
Answer: B,C,E
NEW QUESTION # 55
Which TWO options can you use for reconciling subledger journal entries with the source system?
- A. Submit the Subledger Accounting Diagnostics report
- B. Submit the Subledger Accounting Diagnostics report
- C. Tag supporting references with Journal Line Rules
- D. Submit Period Close Exception Report
Answer: A,D
NEW QUESTION # 56
Your client, a banking organization, is currently using different transaction systems to take care of various 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.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
- A. A new transaction type cannot be added after the source system is registered.
- B. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
- C. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
- D. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
Answer: C
NEW QUESTION # 57
You are assigned to troubleshoot a Create Accounting error.
Which is the first step that you need to perform to use the Diagnostics Framework feature?
- A. Submit the Accounting Event Diagnostic process.
- B. Run Create Accounting again to generate journal entries for the events that ended in error.
- C. Run the Accounting Event Diagnostic report.
- D. Set the 'SLA: Enable Diagnostic' profile option.
Answer: D
NEW QUESTION # 58
Your client decides to:
Configure a primary ledger for local statutory reporting requirements and a secondary ledger to manage alternative accounting requirements.
Use Financial Reporting Studio to manage the financial reports that leverage the cube connections.
They are seeking your advice to understand the cubes that the system creates to store the balances for these two ledgers.
Based on which unique combination of ledger components are the cube connections generated?
- A. Chart of Account and Convention
- B. Convention and Currency
- C. Chart of Account and Currency
- D. Calendar and Currency
- E. Chart of Accounts and Calendar
Answer: E
NEW QUESTION # 59
Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep in their source system. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Source systems
- B. Event types
- C. Event classes
- D. Journal sources
Answer: B
NEW QUESTION # 60
Your client deals in Banking, Insurance, and Stock Trading. They have separate transaction systems to process their transactions. You have been appointed as a consultant to implement Accounting Hub Cloud to streamline and standardize the accounting process for each of the source systems.
The client wants to generate the following accounting entries:
Banking-related transactions on a daily basis
Stock trading transactions on alternate days
Insurance transactions on a weekly basis
Considering the nature of business, frequency of generating accounting entries, and the load on the system, how many source systems would you suggest?
- A. One
- B. Two
- C. Three
- D. Four
Answer: C
NEW QUESTION # 61
Your client has a requirement to report directly from the transactional tables and return the results in real-time, in turn eliminating the need for a data warehouse.
Which tool would you suggest to your client for this purpose?
- A. Smart View
- B. Account Group
- C. Oracle Transactional Business Intelligence
- D. Financial Reporting Studio
Answer: C
NEW QUESTION # 62
You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?
- A. One
- B. Three
- C. Four
- D. Two
Answer: D
NEW QUESTION # 63
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. Your customer wants to know the changes that are allowed after registering a source system.
Which THREE actions can be performed after registering a source system?
- A. Modify the subledger application name as long as there are no pending accounting entries
- B. Assign and update value set and lookup type assignments to sources
- C. Add new event classes through the user interface
- D. Revise source names and add more sources through the user interface
- E. Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
Answer: B,C,D
NEW QUESTION # 64
Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.
Which job would you submit to purge the invalid transactions?
- A. Purge Accounting Hub Transactions Job
- B. Purge Invalid and Unaccounted Accounting Hub Transactions Job
- C. Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
- D. Import Accounting Transactions Job with Purge Invalid Transaction parameter set to 'Yes'
Answer: C
NEW QUESTION # 65
A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?
- A. Use separate subledgers to share sub-ledger accounting rules
- B. Use separate subledgers to provide more security across applications
- C. Use separate subledgers to ensure less data processing in each run
- D. A transaction type and its associated transaction data typically relate to a single document of transaction
- E. Summarized Transaction type information cannot be sent for accounting transformation
Answer: B,C,D
NEW QUESTION # 66
While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?
- A. Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- B. The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
- C. Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- D. Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
Answer: B
NEW QUESTION # 67
Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?
- A. Accounting Class
- B. Event Class
- C. Rounding Class
- D. Business Flow Class
Answer: B
NEW QUESTION # 68
Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. While analyzing the source transaction system, you are asked to propose an event model based on the activities performed by the company.
Based on your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Source systems
- B. Event types
- C. Event classes
- D. Journal sources
Answer: B
NEW QUESTION # 69
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?
- A. Two
- B. Three
- C. Four
- D. One
Answer: D
NEW QUESTION # 70
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