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| Section | Weight | Objectives |
|---|---|---|
| Post-Implementation and Maintenance | 10% | - Troubleshoot common implementation issues - Manage user access and security roles - Perform period-end close procedures - Apply updates and manage configuration changes |
| Oracle Accounting Hub Cloud Overview | 10% | - Describe Accounting Hub Cloud key features and capabilities - Identify the benefits of implementing Accounting Hub Cloud - Explain the architecture and components of Accounting Hub Cloud |
| Subledger Accounting Configuration | 25% | - Set up account combinations and rules - Define mapping sets and journal line assignments - Create and manage account hierarchies - Configure journal line types and descriptions |
| Data Migration and Integration | 20% | - Import and reconcile historical data - Configure external data load formats - Use spreadsheet-based loader for data migration - Integrate with source systems using REST APIs |
| Reporting and Analysis | 15% | - Set up account monitoring and alerts - Generate standard financial reports - Create custom reports using Oracle Analytics Cloud |
| Implementation Planning and Setup | 20% | - Set up accounting periods and calendars - Define and manage mapping sets - Define implementation scope and requirements - Configure ledgers, legal entities, and chart of accounts |
1. Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
A) Financial Reporting Studio
B) Smart View
C) Account Groups and Sunburst
D) Oracle Transactional Business Intelligence
2. Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?
A) Financial Analyst
B) General Accountant
C) General Accounting Manager
D) Chief Financial Officer (CFO)
3. The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?
A) Reversal and Recognition
B) Deferral and Recognition
C) Multiperiod and Recognition
4. Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
A) Specify Ledger Options
B) Manage Accounting Attribute Assignments
C) Manage Subledger Accounting Options
D) Manage Reporting Currencies
5. 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) YY-MON-DD
B) DD-MON-YY
C) DD-MON-YYYY
D) YYYY-MON-DD
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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