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| Section | Weight | Objectives |
|---|---|---|
| Subledger Accounting Configuration | 25% | - Define mapping sets and journal line assignments - Set up account combinations and rules - Create and manage account hierarchies - Configure journal line types and descriptions |
| Implementation Planning and Setup | 20% | - Configure ledgers, legal entities, and chart of accounts - Set up accounting periods and calendars - Define and manage mapping sets - Define implementation scope and requirements |
| Data Migration and Integration | 20% | - Use spreadsheet-based loader for data migration - Configure external data load formats - Import and reconcile historical data - Integrate with source systems using REST APIs |
| Oracle Accounting Hub Cloud Overview | 10% | - Describe Accounting Hub Cloud key features and capabilities - Identify the benefits of implementing Accounting Hub Cloud - Explain the architecture and components of Accounting Hub Cloud |
| Post-Implementation and Maintenance | 10% | - Manage user access and security roles - Perform period-end close procedures - Troubleshoot common implementation issues - Apply updates and manage configuration changes |
| Reporting and Analysis | 15% | - Generate standard financial reports - Create custom reports using Oracle Analytics Cloud - Set up account monitoring and alerts |
1. 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) You cannot add more than 30 sources when the Journal Display column is enabled
B) The event type name cannot exceed 30 characters
C) You cannot add more than 10 sources when the Journal Display column is enabled
D) The event type name cannot exceed 25 characters
2. Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?
A) Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
B) You can define a default output value to use when actual input values do not match the mappings
C) One mapping set can be used for only one account rule at a time
D) You can use up to 10 transaction or reference attributes as input in a mapping
E) The mappings can be entered only by using the user interface
3. 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 Feature
C) Select the value for Lookup Code
D) Select the value for Scope
4. The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?
A) Reversal and Recognition
B) Deferral and Recognition
C) Multiperiod and Recognition
5. Which FOUR actions can you perform with the help of the Security Console?
A) Compare Roles
B) Manage User Name Generation Rules and Password Policies
C) Manage Automatic Data Provisioning
D) Manage Data Access for Users
E) Create Roles
F) Manage Password of other Users
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: A,B,D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A,B,E,F |
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