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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.
How do you calculate discounts for use in the accounting rule?
- A. Use flexfield
- B. Use custom formulas
- C. Use mapping set rules
- D. Use analytical calculations
Answer: B
NEW QUESTION 2
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a new data warehouse solution.
- B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- C. Request support team to download subledger Journal entry data.
- D. Run predefined reports and filter the report with the available report parameters.
Answer: B
NEW QUESTION 3
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
- A. Summarize by GL Date
- B. Summarize by GL Period
- C. Group by GL Date
- D. Transfer in Details
Answer: C
NEW QUESTION 4
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
- A. User Transaction Identifier
- B. Attribute Identifier
- C. Source System Identifier
- D. System Identifier
Answer: B
NEW QUESTION 5
How do you enable diagnostics on subledger transaction sources?
- A. enable diagnostic profile
- B. enable diagnostic attribute
- C. enable diagnostic source
- D. enable transaction debug
Answer: A
NEW QUESTION 6
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 7
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
- A. Use the Open Account Balances Listing report that has balances by customer.
- B. Use the Third Party Control Account feature.
- C. Use Supporting References to capture customer classification information.
- D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Answer: C
NEW QUESTION 8
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header. When uploading transactions, which is a way to differentiate each Journal line?
- A. Assign a custom formula.
- B. Assign an accounting attribute.
- C. You do not need to do anything additional.
- D. Assign a line classification or line type attribute.
Answer: D
NEW QUESTION 9
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 10
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
- A. The rule is built using a value set source.
- B. The source does not return any value; therefore the rule is not displayed.
- C. The rule is built using a line level source.
- D. The rule is built using a custom source.
Answer: C
NEW QUESTION 11
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 12
Which is an alternate way to implement a mapping set rule?
- A. Define a chart of account rule with conditions.
- B. Define a lookup type rule with conditions.
- C. Define a flexfield rule with conditions.
- D. Define an account rule with conditions.
Answer: D
NEW QUESTION 13
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.
How can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?
- A. Set up multiperiod accounting journal lines.
- B. Set up a transaction line reversal.
- C. Create an adjustment journal entry.
- D. Set up automatic Journal line reversal.
Answer: A
NEW QUESTION 14
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. transfer Balances to FAH Reporting Cloud Service
- B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- C. upload transaction data into FAH Reporting Cloud Service
- D. provide real-time visibility to financial reports in FAH Reporting Cloud Service
Answer: B
NEW QUESTION 15
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 16
Which is used to track a specific transaction attribute on subledger journal entries?
- A. value set rules
- B. lookup value rules
- C. supporting references
- D. account rules
Answer: C
NEW QUESTION 17
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