Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. Given the business use case:
"New Trucks" runs a fleet of trucks in a rental business in the U.S. The majority of the trucks are owned; however, in some cases, "New Trucks" may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks" company has a subsidiary company "Fix Trucks" that maintains its own profit and loss entity. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?

A) One primary, one reporting currency ledger
B) Two primary ledgers
C) One primary ledger
D) One primary, one secondary ledger

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

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

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

4. A manual subledger journal did not reverse. What could be the reason for this?

A) The Reverse Accrual On field was left null
B) The next accounting period was open
C) The Create Accrual Reversal Accounting process had run and completed with no errors
D) The next accounting period was future-enterable

5. Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the 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

Solutions: