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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
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. Assign and update value set and lookup type assignments to sources
B. Revise source names and add more sources through the user interface
C. Modify the subledger application name as long as there are no pending accounting entries
D. Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
E. Add new event classes through the user interface

Answer: A,B,E

NEW QUESTION # 51
You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?

A. Group by general ledger period
B. Group by general ledger date
C. Summarize by general ledger date
D. Summarize by journal category
E. Summarize by journal source
F. Summarize by general ledger period

Answer: C,F

NEW QUESTION # 52
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. Account Group
B. Financial Reporting Studio
C. Smart View
D. Oracle Transactional Business Intelligence

Answer: D

NEW QUESTION # 53
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?

A. General Accountant
B. Chief Financial Officer (CFO)
C. General Accounting Manager
D. Financial Analyst

Answer: C

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 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 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 # 55
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