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NEW QUESTION # 36
Oracle Transactional Business Intelligence enables developers and end users to create meaningful analyses and reports by eliminating the need for SQL skills.
Which THREE tools can be used by developers and end users, while working with Oracle Transactional Business Intelligence?
- A. BI Composer
- B. BI Answers
- C. BI Drive
- D. BI Mobile App Designer
- E. BI Publisher
Answer: A,B,D
NEW QUESTION # 37
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. Calendar and Currency
- C. Chart of Account and Convention
- D. Chart of Account and Currency
- E. Chart of Accounts and Calendar
Answer: E
NEW QUESTION # 38
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 a Scope
- B. Select the value for a Lookup Code
- C. Select the value for a Functional Area.
- D. Select the value for a Feature
Answer: A
NEW QUESTION # 39
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. The event type name cannot exceed 25 characters
- C. You cannot add more than 10 sources when the Journal Display column is enabled
- D. You cannot add more than 30 sources when the Journal Display column is enabled
Answer: B,C
NEW QUESTION # 40
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.
How many event classes will be generated by the system while registering the source system?
- A. Four
- B. Two
- C. Three
- D. One
Answer: D
NEW QUESTION # 41
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. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
- B. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger
- C. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
- D. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
Answer: A,B
NEW QUESTION # 42
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Subledger Accounting Manager
- C. Accounting Hub Integration
- D. Application Implementation Consultant
- E. Accounting Hub Maintenance
Answer: B,C,D
NEW QUESTION # 43
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 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.
- C. 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
- D. 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.
Answer: A
NEW QUESTION # 44
You are explaining to an accountant that account override is an adjustment feature of subledger accounting.
Which two traits can help you explain this?
- A. It enables users to record a reason for the adjustment
- B. It is intended to correct only the subledger journals that have been posted
- C. It adjusts the original source transaction
- D. It provides an audit trail by preserving the original subledger journal entry
Answer: A,D
NEW QUESTION # 45
The Unified Migration option helps move functional setup data from one instance to another.
Which TWO statements are true about Unified Migration?
- A. The Unified Migration option requires registration of the target environment in the source environment
- B. There is no need to import the migration set into a sandbox instance before it is applied to the target environment
- C. You can optionally migrate only the new changes if both environments are synchronized
- D. You need to manually download the configuration set from the source and manually upload it into the target
Answer: A,C
NEW QUESTION # 46
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 China
- B. Standard Accrual with Encumbrances
- C. Standard Accrual for Japan
- D. Standard Accrual for USA
- E. Standard Accrual
Answer: B,C,E
NEW QUESTION # 47
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a chart of accounts rule with conditions
- B. Define a lookup type rule with conditions
- C. Define a flexfield rule with conditions
- D. Define an account rule with conditions
Answer: D
NEW QUESTION # 48
Which duty role is required to authorize access to the import accounting transactions process?
- A. Accounting Hub Create and Post Journal Entry duty role
- B. Accounting Hub Create Accounting duty role
- C. Accounting Hub Import duty role
- D. Accounting Hub Integration duty role
Answer: D
NEW QUESTION # 49
Which TWO privileges are recommended while enabling Audit History on several key business objects?
- A. View Audit History
- B. Manage Audit Policies
- C. Manage Application Objects
- D. Audit Assignment Grade
Answer: A,B
NEW QUESTION # 50
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?
- A. Four
- B. Two
- C. Three
- D. One
Answer: D
NEW QUESTION # 51
Challenge 1: Manage Journal Line Rule
TASK
Create 2 Journal Line Rule
Interest Receivable
Interest Income
Subledger Application: AHC Loan
Process Category: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment
Answer:
Explanation:
See the Explanation below for all the solution.
Explanation:
To create Journal Line Rules (JLR) in Oracle Fusion, follow these step-by-step instructions:
Step 1: Navigate to the Manage Subledger Journal Entry Rule Sets Page
* Log in toOracle Fusion Applicationswith a user that has privileges to configureSubledger Accounting Rules.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), select:
* Financials
* Subledger Accounting
* Manage Journal Line Rules
Step 2: Create the "Interest Receivable" Journal Line Rule
* ClickCreateto add a new Journal Line Rule.
* Enter the following details:
* Name: Interest Receivable
* Subledger Application:AHC Loan
* Event Class:AHC Loan
* Event Type:Loan Origination, Interest Accrual, Payment
* Account Class: (Choose the appropriate account class, such as "Receivable" or a custom account class)
* Line Type: Debit
* Description: (Optional, enter something like "Recognizes interest receivable")
* UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.
* Save and Close.
Step 3: Create the "Interest Income" Journal Line Rule
* ClickCreateagain to add the second Journal Line Rule.
* Enter the following details:
* Name: Interest Income
* Subledger Application:AHC Loan
* Event Class:AHC Loan
* Event Type:Loan Origination, Interest Accrual, Payment
* Account Class: (Choose an appropriate account class, such as "Revenue" or a custom account class)
* Line Type: Credit
* Description: (Optional, enter something like "Recognizes interest income")
* UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.
* Save and Close.
Step 4: Validate and Deploy the Rules
* Navigate toManage Accounting Methods.
* Find the accounting method used for theAHC Loansubledger.
* Attach the newly createdJournal Line Rulesto the appropriateJournal Entry Rule Set.
* Validate the changes and submit them for approval.
* Once validated, deploy the accounting method.
Step 5: Test the Journal Line Rules
* Navigate toSubledger Accounting > Accounting Entries.
* Generate accounting for a testLoan Origination, Interest Accrual, or Paymenttransaction.
* Verify that the correct Journal Entries are created:
* Interest Receivable (DR)
* Interest Income (CR)
NEW QUESTION # 52
What is NOT included in the minimum required accounting attribute assignments?
- A. First Distribution Identifier
- B. Accounting Date
- C. Second Distribution Identifier
- D. Distribution Type
Answer: C
NEW QUESTION # 53
Which TWO options can you use for reconciling subledger journal entries with the source system?
- A. Submit the Subledger Accounting Diagnostics report
- B. Submit the Subledger Accounting Diagnostics report
- C. Submit Period Close Exception Report
- D. Tag supporting references with Journal Line Rules
Answer: B,C
NEW QUESTION # 54
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?
- A. Run the Accounting Events Diagnostic report
- B. Submit the Accounting Event Diagnostics process
- C. Run Create Accounting again to generate journal entries for the events that ended in error
- D. Set the "SLA: Enable Diagnostic" profile option
Answer: D
NEW QUESTION # 55
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Reporting Currencies
- B. Specify Ledger Options
- C. Manage Accounting Attribute Assignments
- D. Manage Subledger Accounting Options
Answer: A
NEW QUESTION # 56
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. The mappings can be entered only by using the user interface
- B. You can define a default output value to use when actual input values do not match the mappings
- C. You can use up to 10 transaction or reference attributes as input in a mapping
- D. One mapping set can be used for only one account rule at a time
- E. Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
Answer: B,C,E
NEW QUESTION # 57
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 to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
- 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 in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
- D. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references
Answer: C
NEW QUESTION # 58
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. Financial Reporting Studio
- B. Smart View
- C. Account Group
- D. Oracle Transactional Business Intelligence
Answer: D
NEW QUESTION # 59
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