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Download Oracle Accounting Hub Cloud 2022 Implementation Professional Exam Dumps

NEW QUESTION 43
'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

• A. Reversal and Recognition
• B. Offsets and Recognition
• C. Deferral and Recognition
• D. Multiperiod and Recognition

Answer: D

NEW QUESTION 44
Which four options are used to reconcile subledger journal entries?

• A. Set up reconciliation using the reconciliation reference accounting attribute.
• B. Run the Subledger Accounting Diagnostics report.
• C. Run the Subledger Accounting Method Setups report.
• D. Assign a descriptive text and source on journal lines.
• E. Tag supporting references with journal entry lines.
• F. Build a custom OTBI report.

Answer: A,D,E,F

NEW QUESTION 45
Which four components are created by the source system registration upload process in a single step?

• A. Journal Category
• B. Description Rules
• C. Event Model
• D. Journal Source
• E. Account Rules
• F. Transaction Objects

Answer: A,C,D,F

NEW QUESTION 46
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

• A. Use a custom formula in a journal line rule to derive amounts.
• B. Use a custom formula in an account rule to derive amounts.
• C. Use a custom formula in a supporting reference to derive amounts.
• D. Use a custom formula in a description rule to derive amounts.

Answer: A

NEW QUESTION 47
Which four components are related to the Accounting Hub?

• A. Financial Reporting
• B. General Ledger
• C. Sub Ledgers
• D. Accounting Transformations
• E. Outbound Integration

Answer: A,B,C,D

NEW QUESTION 48
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