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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?

A) Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
B) Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
C) The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
D) Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached

2. What is NOT included in the minimum required accounting attribute assignments?

A) Distribution Type
B) First Distribution Identifier
C) Accounting Date
D) Second Distribution Identifier

3. You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?

A) One
B) Three
C) Two
D) Four

4. Which two options can you use to reconcile subledger journal entries with the source system?

A) Create and submit the Oracle Transactional BI Report to review supporting reference balances.
B) Submit the Subledger Accounting Diagnostics report
C) Submit the Period Close Exception Report
D) Tag supporting references with Journal Line Rules

5. Which is an alternate way to implement a mapping set rule?

A) Define a flexfield rule with conditions
B) Define a lookup type rule with conditions
C) Define a chart of account rule with conditions
D) Define an account rule with conditions

Solutions: