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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q52-Q57):

NEW QUESTION # 52
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

Answer: B,C

NEW QUESTION # 53
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. Constant
B. Account combination
C. Mapping set
D. Value set
E. Source
F. Account rule

Answer: A,C,E,F

NEW QUESTION # 54
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as an input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which TWO options allow the validation of input values on mapping sets?

A. Lookup types
B. Chart of accounts segment
C. Segment values
D. Value sets

Answer: A,D

NEW QUESTION # 55
Your client, a banking organization, is currently using different transaction systems to take care of various 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.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?

A. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
B. A new transaction type cannot be added after the source system is registered.
C. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
D. Loan Interest Accrual Reversal can be added as a new event type from the user interface.

Answer: D

NEW QUESTION # 56
Which three duty roles are required to perform Accounting Hub setup tasks?

A. Subledger Accounting Manager
B. Accounting Hub Maintenance
C. Accounting Hub Integration
D. Accounting Hub Administration
E. Application Implementation Consultant

Answer: A,C,E

NEW QUESTION # 57
......

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Eli Gray Eli Gray

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