Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. 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) Transaction objects
B) Source objects
C) Event entities
D) Mapping sets

2. Which two options can you use to reconcile subledger journal entries with the source system?

A) Tag supporting references with Journal Line Rules
B) Submit the Period Close Exception Report
C) Create and submit the Oracle Transactional BI Report to review supporting reference balances.
D) Submit the Subledger Accounting Diagnostics report

3. 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) Event classes
B) Event types
C) Journal sources
D) Source systems

4. Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?

A) DD-MON-YY
B) YY-MON-DD
C) DD-MON-YYYY
D) YYYY-MON-DD

5. Your client 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. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?

A) Natural Account should be defined as a "Number" type source
B) Natural Account should be defined as a "Text" type source
C) Chart of Accounts Value column should be updated with a value of "Yes"
D) Natural Account should be defined as a "Long Text" type source

Solutions: