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NEW QUESTION # 24
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. Four
- B. Three
- C. Two
- D. One
Answer: D
NEW QUESTION # 25
Your client decides to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which of the following THREE are predefined accounting methods?
- A. Standard Accrual for USA
- B. Standard Accrual
- C. Standard Accrual for Japan
- D. Standard Accrual for China
- E. Standard Accrual with Encumbrances
Answer: B,D,E
NEW QUESTION # 26
The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Multiperiod and Recognition
- B. Reversal and Recognition
- C. Deferral and Recognition
Answer: C
NEW QUESTION # 27
Which two options can you use to reconcile subledger journal entries with the source system?
- A. Submit the Subledger Accounting Diagnostics report
- B. Create and submit the Oracle Transactional BI Report to review supporting reference balances.
- C. Tag supporting references with Journal Line Rules
- D. Submit the Period Close Exception Report
Answer: A,D
NEW QUESTION # 28
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 Trucks" 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. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?
- A. One primary ledger
- B. One primary, one secondary ledger
- C. One primary, one reporting currency ledger
- D. Two primary ledgers
Answer: A
NEW QUESTION # 29
To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?
- A. Event entities
- B. Mapping sets
- C. Source objects
- D. Transaction objects
Answer: D
NEW QUESTION # 30
You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
- A. 3:5{3:5}3:5
- B. [3;5][3;5][3;5]
- C. [3,5][3,5][3,5]
- D. [3:5][3:5][3:5]
Answer: D
NEW QUESTION # 31
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 # 32
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. Journal sources
- B. Event classes
- C. Source systems
- D. Event types
Answer: D
NEW QUESTION # 33
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a chart of accounts 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 # 34
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
- A. Four subledgers, one for each source system
- B. Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan
- C. One subledger for all four source systems
- D. Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan
Answer: C
NEW QUESTION # 35
Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?
- A. Smart View
- B. Financial Reporting Studio
- C. Account Group
- D. Oracle Transactional Business Intelligence
Answer: D
NEW QUESTION # 36
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. Four
- B. One
- C. Three
- D. Two
Answer: C
NEW QUESTION # 37
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. Financial Reporting Studio
- C. Account Group
- D. Oracle Transactional Business Intelligence
Answer: D
NEW QUESTION # 38
You have recently created an analysis to review periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which two drill-through options are available for use?
- A. Drill to Account Inspector
- B. Drill to Detail Balances
- C. Drill to Account Group
- D. Drill to Financial Reporting Center
Answer: B,D
NEW QUESTION # 39
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 Mobile App Designer
- B. BI Answers
- C. BI Publisher
- D. BI Drive
- E. BI Composer
Answer: A,B,E
NEW QUESTION # 40
Your client, a banking organization, has operations in the USA, the UK, France, Japan, and Singapore. As an implementation consultant, you ask the project team to maintain a global chart of accounts. However, the management team in the UK does not agree to allow the generation of dynamic code combinations for the chart of accounts values.
What solution would you propose to address this scenario?
- A. Define one chart of accounts structure and enable dynamic inserts for the USA, France, Japan, and Singapore at the ledger options level, but disable it for the UK ledger
- B. Define one chart of accounts structure and disable dynamic inserts for the UK ledger by using the
"Allow Dynamic Inserts" profile option - C. Define two chart of accounts structure instances. Enable dynamic inserts for the first structure instance and disable it for the second one. Assign the first chart of accounts structure instance to the USA, France, Japan, and Singapore ledgers and the second chart of accounts structure instance to the UK ledger.
- D. Define two charts of accounts structures. Enable dynamic inserts for the first structure and disable it for the second one. Assign the first structure to the USA, France, Japan, and Singapore ledgers and the second structure to the UK ledger.
Answer: B
NEW QUESTION # 41
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 is intended to correct only the subledger journals that have been posted
- C. It allows users to record a reason for the adjustment
- D. It provides an audit trail by preserving the original subledger journal entry
Answer: C,D
NEW QUESTION # 42
Your customer wants to enter subledger journals in adjusting periods using the ADFDi spreadsheets.
Which TWO statements are true about entering journals in adjusting periods?
- A. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the non-adjustment period
- B. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the adjustment period
- C. Defaulted Period can be overwritten
- D. Defaulted Period cannot be overwritten
Answer: A,C
NEW QUESTION # 43
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