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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Which two actions can you accomplish for a registered source system?

A) Revise source Information through the user interface and add more sources.
B) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
C) Modify the subledger application name as long as thereare no pending accounting entries.
D) Add new event classes through the user interface.

2. There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?

A) define line description rule with condition
B) define user transaction lineidentifier
C) define journal line rules with conditions
D) define journal entry rule set with condition

3. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from thirdparties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable chart of accounts rule
B) Enable intercompany balancing option
C) Enable legal entity rule
D) Enable balancing rules

4. A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?

A) Request support team to download subledger Journal entry data.
B) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
C) Run predefined reports and filter the report with the available report parameters.
D) Build a new data warehouse solution.

5. Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?

A) Manage Subledger Accounting Options
B) Manage Accounting Attribute Assignments
C) Specify Ledger Options
D) Manage Reporting Currencies

Solutions: