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| Section | Weight | Objectives |
|---|---|---|
| Implementation Planning and Setup | 20% | - Configure ledgers, legal entities, and chart of accounts - Set up accounting periods and calendars - Define and manage mapping sets - Define implementation scope and requirements |
| Subledger Accounting Configuration | 25% | - Define mapping sets and journal line assignments - Configure journal line types and descriptions - Create and manage account hierarchies - Set up account combinations and rules |
| Oracle Accounting Hub Cloud Overview | 10% | - Identify the benefits of implementing Accounting Hub Cloud - Explain the architecture and components of Accounting Hub Cloud - Describe Accounting Hub Cloud key features and capabilities |
| Reporting and Analysis | 15% | - Create custom reports using Oracle Analytics Cloud - Set up account monitoring and alerts - Generate standard financial reports |
| Post-Implementation and Maintenance | 10% | - Manage user access and security roles - Troubleshoot common implementation issues - Apply updates and manage configuration changes - Perform period-end close procedures |
| Data Migration and Integration | 20% | - Import and reconcile historical data - Integrate with source systems using REST APIs - Configure external data load formats - Use spreadsheet-based loader for data migration |
1. 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) Modify the subledger application name as long as there are no pending accounting entries
B) Add new event classes through the user interface
C) Revise source names and add more sources through the user interface
D) Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
E) Assign and update value set and lookup type assignments to sources
2. 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 enable dynamic inserts for the USA, France, Japan, and Singapore at the ledger options level, but disable it for the UK ledger
B) 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.
C) 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.
D) Define one chart of accounts structure and disable dynamic inserts for the UK ledger by using the
"Allow Dynamic Inserts" profile option
3. 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 Japan
B) Standard Accrual for China
C) Standard Accrual for USA
D) Standard Accrual
E) Standard Accrual with Encumbrances
4. To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?
A) Transaction objects
B) Mapping sets
C) Event entities
D) Source objects
5. A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?
A) A transaction type and its associated transaction data typically relate to a single document of transaction
B) Use separate subledgers to ensure less data processing in each run
C) Summarized Transaction type information cannot be sent for accounting transformation
D) Use separate subledgers to provide more security across applications
E) Use separate subledgers to share sub-ledger accounting rules
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: D | Question # 3 Answer: A,D,E | Question # 4 Answer: A | Question # 5 Answer: A,B,D |
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