Q32. Your client provides loans to their customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
Which FOUR value types should you use in the definition of your account rules to generate journal entries as per the customer’s requirement?

Q33. Your new Oracle Fusion Cloud customer has a reporting requirement to balance general ledger journals not only between companies (primary balancing segments and Legal Entities) but also within divisions. The proposed chart of account structure has the following nine segments:
Company-Division-Department-Account-Subaccount-Product-Intercompany-Future1-Future2 Which segment label should be selected on Division to achieve the reporting requirement?

Q34. Your client, a banking organization, is currently using different transaction systems for different types of loans including vehicle loans, personal loans, education loans, and housing loans. You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge off as event types.
The customer now asks you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?

Q35. 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?

Q36. 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?

Q37. Your client has operations in the US and the UK, and they currently use a third-party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process?

Q38. Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?

Q39. Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.
Which job would you submit to purge the invalid transactions?

Q40. 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?

Q41. Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?

Q42. Challenge 4: Manage Description Rule
TASK
Create Description Rule
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.

Q43. Which TWO privileges are recommended while enabling Audit History on several key business objects?

Q44. You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segment- specific rules.
How will you achieve this while setting up the journal entry rule set?

Q45. Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?

Q46. Challenge 3: Manage User Define Formulas
TASK
Create User Defined Formula for Admin Charges
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Q47. You have recently created an analysis to review periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which two drill-through options are available for use?

Q48. Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?

Q49. Your client decides to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which of the following THREE are predefined accounting methods?

Q50. Which statement is true about journal entry rule sets?

Q51. Challenge 1: Manage Journal Line Rule
TASK
Create 2 Journal Line Rule
Interest Receivable
Interest Income
Subledger Application: AHC Loan
Process Category: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment

Q52. Which two options can you use to reconcile subledger journal entries with the source system?

Q53. Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as an input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which TWO options allow the validation of input values on mapping sets?