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NEW QUESTION # 10
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 # 11
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. Value set
- B. Account rule
- C. Mapping set
- D. Constant
- E. Source
- F. Account combination
Answer: B,C,D,E
NEW QUESTION # 12
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 a Lookup Code
- B. Select the value for a Scope
- C. Select the value for a Functional Area.
- D. Select the value for a Feature
Answer: B
NEW QUESTION # 13
Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?
- A. Set up separate journal line rules for adjustable and fixed rates
- B. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
- C. Define a separate journal entry rule set for each rate type
- D. Set up separate description rules for adjustable and fixed rates
Answer: A,B
NEW QUESTION # 14
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 Group
- B. Drill to Detail Balances
- C. Drill to Financial Reporting Center
- D. Drill to Account Inspector
Answer: B,C
NEW QUESTION # 15
Which is an alternate way to implement a mapping set rule?
- A. Define a lookup type rule with conditions
- B. Define an account rule with conditions
- C. Define a chart of account rule with conditions
- D. Define a flexfield rule with conditions
Answer: B
NEW QUESTION # 16
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. Account Group
- B. Oracle Transactional Business Intelligence
- C. Financial Reporting Studio
- D. Smart View
Answer: B
NEW QUESTION # 17
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a lookup type rule with conditions
- B. Define an account rule with conditions
- C. Define a chart of accounts rule with conditions
- D. Define a flexfield rule with conditions
Answer: B
NEW QUESTION # 18
What is NOT included in the minimum required accounting attribute assignments?
- A. Second Distribution Identifier
- B. First Distribution Identifier
- C. Distribution Type
- D. Accounting Date
Answer: A
NEW QUESTION # 19
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. Reversal and Recognition
- B. Deferral and Recognition
- C. Multiperiod and Recognition
Answer: B
NEW QUESTION # 20
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. The source system should be registered again by including the Loan Interest Accrual Reversal event type
- B. Loan Interest Accrual Reversal can be added as a new event type from the user interface
- 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: B
NEW QUESTION # 21
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?
- A. Standard Accrual for Japan
- B. Standard Accrual with Encumbrances
- C. Standard Accrual
- D. Standard Accrual for USA
- E. Standard Accrual for China
Answer: A,B,C
NEW QUESTION # 22
Which FOUR actions can you perform with the help of the Security Console?
- A. Compare Roles
- B. Manage User Name Generation Rules and Password Policies
- C. Manage Password of other Users
- D. Create Roles
- E. Manage Data Access for Users
- F. Manage Automatic Data Provisioning
Answer: A,B,C,D
NEW QUESTION # 23
You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segment- specific rules.
How will you achieve this while setting up the journal entry rule set?
- A. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
- B. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references
- C. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger
- D. Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
Answer: D
NEW QUESTION # 24
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?
- A. Three
- B. One
- C. Two
- D. Four
Answer: B
NEW QUESTION # 25
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?
- A. Set the "SLA: Enable Diagnostic" profile option
- B. Submit the Accounting Event Diagnostics process
- C. Run the Accounting Events Diagnostic report
- D. Run Create Accounting again to generate journal entries for the events that ended in error
Answer: A
NEW QUESTION # 26
You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?
- A. Summarize by journal category
- B. Group by general ledger period
- C. Summarize by general ledger period
- D. Summarize by journal source
- E. Summarize by general ledger date
- F. Group by general ledger date
Answer: C,E
NEW QUESTION # 27
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. You can define a default output value to use when actual input values do not match the mappings
- B. You can use up to 10 transaction or reference attributes as input in a mapping
- C. The mappings can be entered only by using the user interface
- D. Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
- E. One mapping set can be used for only one account rule at a time
Answer: A,B,D
NEW QUESTION # 28
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