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NEW QUESTION # 45
Which two options can you use to reconcile subledger journal entries with the source system?
- A. Submit the Period Close Exception Report
- B. Create and submit the Oracle Transactional BI Report to review supporting reference balances.
- C. Tag supporting references with Journal Line Rules
- D. Submit the Subledger Accounting Diagnostics report
Answer: A,D
NEW QUESTION # 46
The Unified Migration option helps move functional setup data from one instance to another.
Which TWO statements are true about Unified Migration?
- A. You need to manually download the configuration set from the source and manually upload it into the target
- B. You can optionally migrate only the new changes if both environments are synchronized
- C. The Unified Migration option requires registration of the target environment in the source environment
- D. There is no need to import the migration set into a sandbox instance before it is applied to the target environment
Answer: B,C
NEW QUESTION # 47
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 from the user interface.
- B. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
- 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: A
NEW QUESTION # 48
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. Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added
- B. Supporting reference tracking was not enabled while registering the source system
- C. Supporting references can be used only with predefined applications, such as payable, assets, and expenses
- D. Subledger application name was not selected as a scope before defining the supporting reference
Answer: D
NEW QUESTION # 49
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. Your customer wants to know the changes that are allowed after registering a source system.
Which THREE actions can be performed after registering a source system?
- A. Add new event classes through the user interface
- B. Assign and update value set and lookup type assignments to sources
- C. Revise source names and add more sources through the user interface
- D. Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
- E. Modify the subledger application name as long as there are no pending accounting entries
Answer: A,B,C
NEW QUESTION # 50
Your customer wants to enter subledger journals in adjusting periods using the ADFDi spreadsheets.
Which TWO statements are true about entering journals in adjusting periods?
- A. Defaulted Period cannot be overwritten
- B. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the adjustment period
- C. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the non-adjustment period
- D. Defaulted Period can be overwritten
Answer: C,D
NEW QUESTION # 51
Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?
- A. Oracle Transactional Business Intelligence
- B. Financial Reporting Studio
- C. Smart View
- D. Account Group
Answer: A
NEW QUESTION # 52
Your client has operations in the US and the UK, and they currently use a third-party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process?
- A. The event type name cannot exceed 30 characters
- B. You cannot add more than 10 sources when the Journal Display column is enabled
- C. You cannot add more than 30 sources when the Journal Display column is enabled
- D. The event type name cannot exceed 25 characters
Answer: B,D
NEW QUESTION # 53
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.
Answer:
Explanation:
Step-by-Step Guide to Create an Account Rule with 3 Priorities in Oracle Fusion Step 1: Navigate to Manage Account Rules
* Log into Oracle Fusion with appropriate privileges for Subledger Accounting.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), navigate to:
* Financials
* Subledger Accounting
* Manage Account Rules.
Step 2: Create the Account Rule
* ClickCreateto add a newAccount Rule.
* Enter the following details:
* Name: 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
* Rule Type: Account
* ClickSave, then proceed to definePriorities.
Step 3: Define Three Priorities for the Revenue Account Rule
Now, define three priorities for determining the revenue account:
Priority 1: Derived from Transaction Type
* ClickAdd Rowto definePriority 1.
* SetPriority Orderas1.
* DefineCondition:
* IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)
* Source Type: UseTransaction Typeas the basis.
* ClickSave.
Priority 2: Derived from Customer
* ClickAdd Rowto definePriority 2.
* SetPriority Orderas2.
* DefineCondition:
* IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)
* Source Type: UseCustomer Categoryas the basis.
* ClickSave.
Priority 3: Default Revenue Account
* ClickAdd Rowto definePriority 3.
* SetPriority Orderas3.
* DefineCondition:
* Default Revenue Account = 4999(for any other transactions)
* Source Type: UseConstant Value.
* ClickSave.
Step 4: Validate and Assign the Account Rule
* ClickValidateto ensure the rule has no errors.
* Navigate toManage Journal Entry Rule Sets.
* Locate theAHC BillingJournal Entry Rule Set.
* Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).
* ClickSave and Close.
Step 5: Test the Account Rule
* Go toSubledger Accounting > Accounting Entries.
* Generate accounting for different transactions:
* Customer Billingshould deriveAccount 4000.
* Wholesale Customer Billingshould deriveAccount 4010.
* Other transactionsshould deriveAccount 4999.
* Review and confirm that the correct accounts are assigned.
NEW QUESTION # 54
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 in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
- B. 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
- C. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references
- D. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
Answer: A
NEW QUESTION # 55
Which TWO options can you use for reconciling subledger journal entries with the source system?
- A. Tag supporting references with Journal Line Rules
- B. Submit the Subledger Accounting Diagnostics report
- C. Submit Period Close Exception Report
- D. Submit the Subledger Accounting Diagnostics report
Answer: C,D
NEW QUESTION # 56
Your client organization deals in providing loans to its customers. You are appointed as a consultant to implement Oracle Fusion Cloud Accounting Hub to standardize the accounting process. Your client has a requirement 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 the 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. Chart of accounts segment
- B. Segment values
- C. Value sets
- D. Lookup types
Answer: C,D
NEW QUESTION # 57
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. Chart of accounts segment
- B. Segment values
- C. Value sets
- D. Lookup types
Answer: C,D
NEW QUESTION # 58
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. Event Class
- B. Business Flow Class
- C. Rounding Class
- D. Accounting Class
Answer: A
NEW QUESTION # 59
What is NOT included in the minimum required accounting attribute assignments?
- A. Accounting Date
- B. Distribution Type
- C. Second Distribution Identifier
- D. First Distribution Identifier
Answer: C
NEW QUESTION # 60
While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?
- A. The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
- B. Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- C. Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- D. Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
Answer: A
NEW QUESTION # 61
Which TWO privileges are recommended while enabling Audit History on several key business objects?
- A. View Audit History
- B. Manage Application Objects
- C. Audit Assignment Grade
- D. Manage Audit Policies
Answer: A,D
NEW QUESTION # 62
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. Oracle Transactional Business Intelligence
- B. Financial Reporting Studio
- C. Smart View
- D. Account Group
Answer: A
NEW QUESTION # 63
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
- A. One subledger for all four source systems
- B. Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan
- C. Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan
- D. Four subledgers, one for each source system
Answer: A
NEW QUESTION # 64
Your client decides to:
* Configure a primary ledger for local statutory reporting requirements and a secondary ledger to manage alternative accounting requirements.
* Use Financial Reporting Studio to manage the financial reports that leverage the cube connections.
They are seeking your advice to understand the cubes that the system creates to store the balances for these two ledgers.
Based on which unique combination of ledger components are the cube connections generated?
- A. Convention and Currency
- B. Chart of Accounts and Calendar
- C. Calendar and Currency
- D. Chart of Account and Currency
- E. Chart of Account and Convention
Answer: B
NEW QUESTION # 65
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 for USA
- D. Standard Accrual for China
- E. Standard Accrual
Answer: A,B,E
NEW QUESTION # 66
You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
- A. 3:5{3:5}3:5
- B. [3,5][3,5][3,5]
- C. [3;5][3;5][3;5]
- D. [3:5][3:5][3:5]
Answer: D
NEW QUESTION # 67
Your client, a banking organization, has operations in the USA, the UK, France, Japan, and Singapore. As an implementation consultant, you ask the project team to maintain a global chart of accounts. However, the management team in the UK does not agree to allow the generation of dynamic code combinations for the chart of accounts values.
What solution would you propose to address this scenario?
- A. Define one chart of accounts structure and disable dynamic inserts for the UK ledger by using the
"Allow Dynamic Inserts" profile option - B. Define one chart of accounts structure and enable dynamic inserts for the USA, France, Japan, and Singapore at the ledger options level, but disable it for the UK ledger
- C. Define two chart of accounts structure instances. Enable dynamic inserts for the first structure instance and disable it for the second one. Assign the first chart of accounts structure instance to the USA, France, Japan, and Singapore ledgers and the second chart of accounts structure instance to the UK ledger.
- D. Define two charts of accounts structures. Enable dynamic inserts for the first structure and disable it for the second one. Assign the first structure to the USA, France, Japan, and Singapore ledgers and the second structure to the UK ledger.
Answer: A
NEW QUESTION # 68
The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy.
It is headquartered in the USA. The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?
- A. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger
- B. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
- C. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
- D. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
Answer: A,B
NEW QUESTION # 69
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