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| Section | Weight | Objectives |
|---|---|---|
| Subledger Accounting Configuration | 25% | - Define mapping sets and journal line assignments - Configure journal line types and descriptions - Set up account combinations and rules - Create and manage account hierarchies |
| Oracle Accounting Hub Cloud Overview | 10% | - Explain the architecture and components of Accounting Hub Cloud - Identify the benefits of implementing Accounting Hub Cloud - Describe Accounting Hub Cloud key features and capabilities |
| Reporting and Analysis | 15% | - Set up account monitoring and alerts - Create custom reports using Oracle Analytics Cloud - Generate standard financial reports |
| Data Migration and Integration | 20% | - Import and reconcile historical data - Integrate with source systems using REST APIs - Configure external data load formats - Use spreadsheet-based loader for data migration |
| Post-Implementation and Maintenance | 10% | - Perform period-end close procedures - Apply updates and manage configuration changes - Manage user access and security roles - Troubleshoot common implementation issues |
| Implementation Planning and Setup | 20% | - Configure ledgers, legal entities, and chart of accounts - Define and manage mapping sets - Define implementation scope and requirements - Set up accounting periods and calendars |
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?
Correct Answer: A,B 🗳️
Your client, a banking organization, is currently using different transaction systems to take care of various 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.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
Correct Answer: C 🗳️
In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.
Which action should you take to specify the context?
Correct Answer: A 🗳️
You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.
Which TWO traits can help you further explain this feature?
Correct Answer: A,D 🗳️
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?
Correct Answer: D 🗳️
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