Question 1

NO: 2: Your client, a banking organization, is currently using different transaction systems for different 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. The customer now asks you to add another transaction type called Loan Interest Accrual Reversal. What should be your response to the customer?

Options :

A :

Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template

B :

The source system should be registered again by including the Loan Interest Accrual Reversal event type

C : A new transaction type cannot be added after the source system is registered

D : Loan Interest Accrual Reversal can be added as a new event type from the user interface

Answer: D

Question 2

Your client has a requirement to report directly from the transactional tables and return the results in realtime, in turn eliminating the need for a data warehouse. Which tool would you suggest to your client for this purpose?

Options :

A : Financial Reporting Studio

B : Smart View

C : Oracle Transactional Business Intelligence

D : Account Group

Answer: C

Question 3

Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse. Which tool would you suggest to your client to achieve this?

Options :

A : Oracle Transactional Business Intelligence

B : Account Group

C : Smart View

D : Financial Reporting Studio

Answer: A

Question 4

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 segmentspecific rules. How will you achieve this while setting up the journal entry rule set?

Options :

A :

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

B :

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

C :

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

D :

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

Answer: A

Question 5

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?

Options :

A : Event types

B : Event classes

C : Source systems

D : Journal sources

Answer: A

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