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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q64-Q69):

NEW QUESTION # 64
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. YYYY-MON-DD
B. YY-MON-DD
C. DD-MON-YYYY
D. DD-MON-YY

Answer: A

NEW QUESTION # 65
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 an account rule with conditions
D. Define a chart of account rule with conditions

Answer: C

NEW QUESTION # 66
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?

A. Run the Accounting Events Diagnostic report
B. Submit the Accounting Event Diagnostics process
C. Run Create Accounting again to generate journal entries for the events that ended in error
D. Set the "SLA: Enable Diagnostic" profile option

Answer: D

NEW QUESTION # 67
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?

A. Standard Accrual for USA
B. Standard Accrual
C. Standard Accrual with Encumbrances
D. Standard Accrual for Japan
E. Standard Accrual for China

Answer: B,C,E

NEW QUESTION # 68
Which four actions can you take by using Security Console?

A. Manage Data Access for Users
B. Create Roles
C. Manage Automatic Data Provisioning
D. Manage Password of Other Users
E. Compare Roles
F. Manage User Name Generation Rules and Password Policies

Answer: B,D,E,F

NEW QUESTION # 69
......

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