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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?

A) DD-MON-YY
B) YYYY-MON-DD
C) DD-MON-YYYY
D) YY-MON-DD

2. 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) Business Flow Class
C) Rounding Class
D) Accounting Class

3. Which statement is true about journal entry rule sets?

A) Description rules can be assigned only at the header level of a journal entry rule set
B) Description rules must carry the same chart of accounts that is attached to the journal entry rule set
C) Description rules can be assigned at both the header and the line level of a journal entry rule set
D) Description rules can be assigned only at the header level of a journal entry rule set

4. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Integration
B) Application Implementation Consultant
C) Subledger Accounting Manager
D) Accounting Hub Maintenance
E) Accounting Hub Administration

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

Solutions: