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Oracle Accounting Hub Cloud 2022 Implementation Professional Sample Questions (Q82-Q87):

NEW QUESTION # 82
Which two statements are true about the Accounting Hub Cloud?

A. It has a robust Accounting Engine which allows you to configure accounting rules
B. Integration of information into the Accounting Hub Cloud is restricted to a maximum of three source systems
C. It brings together disparate accounting systems into a centrally-accessible source of truth
D. It does not allow publishing output files to PeopleSoft General Ledgers

Answer: A,C

NEW QUESTION # 83
How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?

A. One
B. Two
C. Three
D. Unlimited

Answer: C

NEW QUESTION # 84
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company 'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

A. Set up multiperiod accounting journal lines.
B. Set up a transaction line reversal.
C. Create an adjustment journal entry.
D. Set up automatic Journal line reversal.

Answer: A

NEW QUESTION # 85
What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

A. Event entities
B. Mapping sets
C. Transaction objects
D. Source objects

Answer: C

NEW QUESTION # 86
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?

A. One subledger for all 4 source systems.
B. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
C. One subledger for each source system.
D. One subledger for the 3 Loan systems and one subledger for Insurance.

Answer: C,D

NEW QUESTION # 87
......

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