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| Section | Weight | Objectives |
|---|---|---|
| Source System Integration and Data Management | 25% | - Source system registration and configuration
|
| Subledger Accounting Configuration | 30% | - Accounting transformations and mappings
|
| Accounting and Reporting | 20% | - Accounting generation and posting
|
| Implementation Best Practices and Maintenance | 10% | - Implementation methodology
|
| Accounting Hub Overview and Architecture | 15% | - Common Fusion Cloud Application capabilities
|
1. 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 assigning the accounting method to the ledger
B) Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
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 in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
2. 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) Chart of Account and Convention
B) Convention and Currency
C) Chart of Accounts and Calendar
D) Calendar and Currency
E) Chart of Account and Currency
3. Which is an alternate way to implement a mapping set rule?
A) Define a lookup type rule with conditions
B) Define an account rule with conditions
C) Define a chart of account rule with conditions
D) Define a flexfield rule with conditions
4. 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 adjusts the original source transaction
B) It provides an audit trail by preserving the original subledger journal entry
C) It enables users to record a reason for the adjustment
D) It is intended to correct only the subledger journals that have been posted
5. Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
A) Smart View
B) Account Groups and Sunburst
C) Oracle Transactional Business Intelligence
D) Financial Reporting Studio
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B,C | Question # 5 Answer: B |
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