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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implementation Best Practices and Maintenance | 10% | - Implementation methodology
|
| Topic 2: Subledger Accounting Configuration | 30% | - Accounting methods and rules setup
|
| Topic 3: Accounting and Reporting | 20% | - Reporting tools and outputs
|
| Topic 4: Source System Integration and Data Management | 25% | - Source system registration and configuration
|
| Topic 5: Accounting Hub Overview and Architecture | 15% | - Accounting Hub architecture and core components
|
1. 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) Two
C) Four
D) One
2. 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 description 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) Set up separate journal line rules for adjustable and fixed rates
D) Define a separate journal entry rule set for each rate type
3. Which is an alternate way to implement a mapping set rule?
A) Define a chart of account rule with conditions
B) Define an account rule with conditions
C) Define a lookup type rule with conditions
D) Define a flexfield rule with conditions
4. You are explaining to an accountant that account override is an adjustment feature of subledger accounting.
Which two traits can help you explain this?
A) It adjusts the original source transaction
B) It enables users to record a reason for the adjustment
C) It provides an audit trail by preserving the original subledger journal entry
D) It is intended to correct only the subledger journals that have been posted
5. Challenge 2: Manage Account Rule
TASK
Create Account Rule with 3 priorities
Name of Account Rule: Revenue Account
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement See the Explanation below for all the solution.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B,C | Question # 3 Answer: B | Question # 4 Answer: B,C | Question # 5 Answer: Only visible for members |
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