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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. 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 classes
B) Event types
C) Journal sources
D) Source systems

2. Challenge 2: Manage Account Rule
TASK
Create Account Rule with 3 priorities
Name of Account Rule: Revenue Account
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement See the Explanation below for all the solution.

3. 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) Mapping sets
B) Event entities
C) Transaction objects
D) Source objects

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

5. The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy.
It is headquartered in the USA. The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?

A) A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
B) Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
C) Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger
D) A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger

Solutions: