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| Section | Weight | Objectives |
|---|---|---|
| Source System Integration and Data Management | 25% | - Source system registration and configuration
|
| Accounting and Reporting | 20% | - Reporting tools and outputs
|
| Implementation Best Practices and Maintenance | 10% | - Implementation methodology
|
| Subledger Accounting Configuration | 30% | - Event model and accounting events
|
| Accounting Hub Overview and Architecture | 15% | - Accounting Hub architecture and core components
|
1. 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) Set the "SLA: Enable Diagnostic" profile option
B) Run the Accounting Events Diagnostic report
C) Run Create Accounting again to generate journal entries for the events that ended in error
D) Submit the Accounting Event Diagnostics process
2. While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?
A) Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
B) Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
C) Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
D) The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
3. Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?
A) Value set
B) Account combination
C) Lookup type
D) Segment
E) Mapping set
4. Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?
A) Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
B) You can use up to 10 transaction or reference attributes as input in a mapping
C) One mapping set can be used for only one account rule at a time
D) The mappings can be entered only by using the user interface
E) You can define a default output value to use when actual input values do not match the mappings
5. Which is an alternate way to implement a mapping set rule?
A) Define a lookup type rule with conditions
B) Define a flexfield rule with conditions
C) Define a chart of account rule with conditions
D) Define an account rule with conditions
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B,D,E | Question # 4 Answer: A,B,E | Question # 5 Answer: D |
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