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Oracle Accounting Hub Cloud 2025Implementation Professional Questions and Answers

Question 1

Challenge 2: Manage Account Rule

TASK

Create Account Rule with 3 priorities

Name of Account Rule: Revenue Account

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Options:

Answer:

See the Explanation below for all the solution.

Explanation:

Step-by-Step Guide to Create an Account Rule with 3 Priorities in Oracle Fusion

Step 1: Navigate to Manage Account Rules

Log into Oracle Fusion with appropriate privileges for Subledger Accounting.

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), navigate to:

Financials

Subledger Accounting

Manage Account Rules.

Step 2: Create the Account Rule

ClickCreateto add a newAccount Rule.

Enter the following details:

Name: Revenue Account

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Rule Type: Account

ClickSave, then proceed to definePriorities.

Step 3: Define Three Priorities for the Revenue Account Rule

Now, define three priorities for determining the revenue account:

Priority 1: Derived from Transaction Type

ClickAdd Rowto definePriority 1.

SetPriority Orderas1.

DefineCondition:

IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)

Source Type: UseTransaction Typeas the basis.

ClickSave.

Priority 2: Derived from Customer

ClickAdd Rowto definePriority 2.

SetPriority Orderas2.

DefineCondition:

IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)

Source Type: UseCustomer Categoryas the basis.

ClickSave.

Priority 3: Default Revenue Account

ClickAdd Rowto definePriority 3.

SetPriority Orderas3.

DefineCondition:

Default Revenue Account = 4999(for any other transactions)

Source Type: UseConstant Value.

ClickSave.

Step 4: Validate and Assign the Account Rule

ClickValidateto ensure the rule has no errors.

Navigate toManage Journal Entry Rule Sets.

Locate theAHC BillingJournal Entry Rule Set.

Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).

ClickSave and Close.

Step 5: Test the Account Rule

Go toSubledger Accounting > Accounting Entries.

Generate accounting for different transactions:

Customer Billingshould deriveAccount 4000.

Wholesale Customer Billingshould deriveAccount 4010.

Other transactionsshould deriveAccount 4999.

Review and confirm that the correct accounts are assigned.

Question 2

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

Options:

Answer:

See the Explanation below for all the solution.

Explanation:

Step-by-Step Guide to Create a Description Rule in Oracle Fusion

Step 1: Navigate to Manage Description Rules

Go to Setup and Maintenance.

In the Functional Setup Manager (FSM), navigate to:

Financials

Subledger Accounting

Manage Description Rules.

Step 2: Create a New Description Rule

Click Create to define a new Description Rule.

Enter the following details:

Name: AHC Billing 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

Description: Enter a meaningful description, such as:

"Auto-generated description for AHC Billing transactions."

Click Save, then proceed to define the logic.

Step 3: Define the Description Rule Logic

Under Conditions, define a formula using transaction attributes to generate meaningful descriptions dynamically.

Click Add Condition, then define the description using placeholders.

Example formula:

'Transaction Type: ' || {Transaction Type} || ', Customer: ' || {Customer Name} || ', Amount: ' || {Transaction Amount}

This rule constructs a description dynamically, showing:

Transaction Type

Customer Name

Transaction Amount

Example Output:

"Transaction Type: Customer Billing, Customer: John Doe, Amount: $500"

ClickValidateto ensure there are no syntax errors.

Step 4: Assign the Description Rule

Navigate toManage Journal Entry Rule Sets.

Locate theAHC BillingJournal Entry Rule Set.

Assign the newly createdDescription Ruleto the appropriateJournal Line Rule.

ClickSave and Close.

Step 5: Validate and Deploy the Rule

ClickValidateto check for errors.

Deploy the rule by submitting the changes.

Ensure the rule is attached to theAHC Billing journal entries.

Step 6: Test the Description Rule

Navigate toSubledger Accounting > Accounting Entries.

Generate accounting for different test transactions.

Verify that thejournal entry descriptionsmatch the expected format.

Question 3

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

Options:

Answer:

See the Explanation below for all the solution.

Explanation:

Step-by-Step Guide to Create a User Defined Formula for Admin Charges in Oracle Fusion

Step 1: Navigate to Manage User Defined Formulas

Log into Oracle Fusion with privileges to configure Subledger Accounting.

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), navigate to:

Financials

Subledger Accounting

Manage User Defined Formulas.

Step 2: Create a New User Defined Formula

ClickCreateto define a new formula.

Enter the following details:

Name: Admin Charges Formula

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Data Type:Number

Description: Formula to calculate admin charges for billing events.

ClickSave, then proceed to define the logic.

Step 3: Define the Formula Logic

Example Formula for Admin Charges:

AssumeAdmin Chargesare calculated as5% of Transaction Amount, with aminimum charge of $10.

Enter the formula using Oracle’s formula syntax:

CASE

WHEN {Transaction Amount} * 0.05 >= 10 THEN {Transaction Amount} * 0.05

ELSE 10

END

ClickValidateto check for errors.

Step 4: Assign the Formula to the Required Accounting Rules

Navigate toManage Account Rules.

Find theAdmin Charges Account Rule(or create one if needed).

In theCondition Definition, selectUser Defined Formulaas the Source.

ChooseAdmin Charges Formulaas the value.

ClickSave and Close.

Step 5: Validate and Deploy the Formula

ClickValidateto ensure correctness.

Deploy the formula by submitting the changes.

Attach the formula to relevantJournal Entry Rule Sets(if applicable).

Step 6: Test the User Defined Formula

Navigate toSubledger Accounting > Accounting Entries.

Generate accounting for different test transactions:

Example 1: IfTransaction Amount = $500, Admin Charges =$25(5% of 500).

Example 2: IfTransaction Amount = $100, Admin Charges =$10(since 5% of 100 = $5, but the minimum is $10).

Verify that theAdmin Chargesare correctly derived in accounting entries.

Question 4

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

Options:

Answer:

See the Explanation below for all the solution.

Explanation:

To create Journal Line Rules (JLR) in Oracle Fusion, follow these step-by-step instructions:

Step 1: Navigate to the Manage Subledger Journal Entry Rule Sets Page

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), select:

Financials

Subledger Accounting

Manage Journal Line Rules

Step 2: Create the "Interest Receivable" Journal Line Rule

ClickCreateto add a new Journal Line Rule.

Enter the following details:

Name: Interest Receivable

Subledger Application:AHC Loan

Event Class:AHC Loan

Event Type:Loan Origination, Interest Accrual, Payment

Account Class: (Choose the appropriate account class, such as "Receivable" or a custom account class)

Line Type: Debit

Description: (Optional, enter something like “Recognizes interest receivable”)

UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.

Save and Close.

Step 3: Create the "Interest Income" Journal Line Rule

ClickCreateagain to add the second Journal Line Rule.

Enter the following details:

Name: Interest Income

Subledger Application:AHC Loan

Event Class:AHC Loan

Event Type:Loan Origination, Interest Accrual, Payment

Account Class: (Choose an appropriate account class, such as "Revenue" or a custom account class)

Line Type: Credit

Description: (Optional, enter something like “Recognizes interest income”)

UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.

Save and Close.

Step 4: Validate and Deploy the Rules

Navigate toManage Accounting Methods.

Find the accounting method used for theAHC Loansubledger.

Attach the newly createdJournal Line Rulesto the appropriateJournal Entry Rule Set.

Validate the changes and submit them for approval.

Once validated, deploy the accounting method.

Step 5: Test the Journal Line Rules

Navigate toSubledger Accounting > Accounting Entries.

Generate accounting for a testLoan Origination, Interest Accrual, or Paymenttransaction.

Verify that the correct Journal Entries are created:

Interest Receivable (DR)

Interest Income (CR)

Question 5

You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.

Which formula should be used on row number 6 to calculate the sum?

Options:

[3;5][3;5][3;5]

[3,5][3,5][3,5]

3:5{3:5}3:5

[3:5][3:5][3:5]

Question 6

Which two conditions must be met for automatic data provisioning to work?

Options:

At least one of the user’s assignments matches all data-mapping conditions in a data provisioning rule.

At least one role is automatically provisioned to the user using role provisioning rules.

The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.

Question 7

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?

Options:

Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section

Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method

Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references

Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger

Question 8

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?

Options:

Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates

Define a separate journal entry rule set for each rate type

Set up separate description rules for adjustable and fixed rates

Set up separate journal line rules for adjustable and fixed rates

Question 9

You recently created an analysis to review the 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 would meet the requirement?

Options:

Drill to Account Group

Drill to Detail Balances

Drill to Financial Reporting Center

Drill to Account Inspector

Question 10

The Unified Migration option helps move functional setup data from one instance to another.

Which TWO statements are true about Unified Migration?

Options:

You need to manually download the configuration set from the source and manually upload it into the target

You can optionally migrate only the new changes if both environments are synchronized

The Unified Migration option requires registration of the target environment in the source environment

There is no need to import the migration set into a sandbox instance before it is applied to the target environment

Question 11

Your client has implemented the Accounting Hub Cloud solution. They import their transaction data from the source system on a daily basis, and while doing so, some transactions are not being accounted properly. They want these invalid transactions purged and the correct transactions re-imported.

Which job would you submit to purge the invalid transactions?

Options:

Set Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions

Import Accounting Transactions Job with Purge Invalid Transaction parameter set to "Yes"

Purge Invalid and Unaccounted Accounting Hub Transactions Job

Purge Accounting Hub Transactions Job

Question 12

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?

Options:

Standard Accrual for Japan

Standard Accrual for USA

Standard Accrual

Standard Accrual with Encumbrances

Standard Accrual for China

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Oracle 1z0-1060-25 Oracle Accounting Hub Cloud 2025Implementation Professional Exam Practice Test

Oracle Accounting Hub Cloud 2025Implementation Professional Questions and Answers

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