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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q51-Q56):
NEW QUESTION # 51
Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?
- A. Event Class
- B. Rounding Class
- C. Accounting Class
- D. Business Flow Class
Answer: A
NEW QUESTION # 52
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. Submit the Accounting Event Diagnostics process
- B. Run the Accounting Events Diagnostic report
- C. Set the "SLA: Enable Diagnostic" profile option
- D. Run Create Accounting again to generate journal entries for the events that ended in error
Answer: C
NEW QUESTION # 53
Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep in their source system. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Event types
- B. Event classes
- C. Journal sources
- D. Source systems
Answer: A
NEW QUESTION # 54
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define an account rule with conditions
- B. Define a chart of accounts rule with conditions
- C. Define a flexfield rule with conditions
- D. Define a lookup type rule with conditions
Answer: A
NEW QUESTION # 55
You have recently created an analysis to review periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which two drill-through options are available for use?
- A. Drill to Financial Reporting Center
- B. Drill to Detail Balances
- C. Drill to Account Inspector
- D. Drill to Account Group
Answer: A,B
NEW QUESTION # 56
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