Oracle Accounting Hub Cloud 2024 Implementation Professional
Certification Provider:
Oracle
Free Question Number:
82
Posted:
Jul 18, 2026
Rating
100%
Page: 1 / 17 Total 82 questions
Question 1
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: D
Question 2
Which statement is true about journal entry rule sets?
Correct Answer: C
Question 3
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
Correct Answer: A
Question 4
SIMULATION 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
Correct 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 Log in to Oracle Fusion Applications with a user that has privileges to configure Subledger Accounting Rules. Go to Setup and Maintenance. In the Functional Setup Manager (FSM), select: Financials Subledger Accounting Manage Journal Line Rules Step 2: Create the "Interest Receivable" Journal Line Rule Click Create to 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") Under Conditions, define rules if needed to filter transactions for this Journal Line Rule. Save and Close. Step 3: Create the "Interest Income" Journal Line Rule Click Create again 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") Under Conditions, define rules if needed to filter transactions for this Journal Line Rule. Save and Close. Step 4: Validate and Deploy the Rules Navigate to Manage Accounting Methods. Find the accounting method used for the AHC Loan subledger. Attach the newly created Journal Line Rules to the appropriate Journal 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 to Subledger Accounting > Accounting Entries. Generate accounting for a test Loan Origination, Interest Accrual, or Payment transaction. Verify that the correct Journal Entries are created: Interest Receivable (DR) Interest Income (CR)
Question 5
You design an income statement report with the help of Financial Reporting Web 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?
