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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:
1. Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?
A) Supporting references can be used only with predefined applications, such as payable, assets, and expenses
B) Subledger application name was not selected as a scope before defining the supporting reference
C) Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added
D) Supporting reference tracking was not enabled while registering the source system
2. Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?
A) Account combination
B) Lookup type
C) Value set
D) Segment
E) Mapping set
3. Your customer needs to generate journal entries for the insurance premium collected from the sale of policies.
The different components of the premium collected by the company include Basic Premium and Tax. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?
A) Accounting Class
B) Business Flow Class
C) Event Class
D) Rounding Class
4. 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 Functional Area
B) Select the value for Lookup Code
C) Select the value for Feature
D) Select the value for Scope
5. A manual subledger journal did not reverse. What could be the reason for this?
A) The next accounting period was future-enterable
B) The Reverse Accrual On field was left null
C) The next accounting period was open
D) The Create Accrual Reversal Accounting process had run and completed with no errors
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,D,E | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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