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Oracle 1z0-1060-22 Exam Syllabus Topics:
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NEW QUESTION 47
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
- A. One subledger for all 4 source systems.
- B. One subledger for each source system.
- C. One subledger for the 3 Loan systems and one subledger for Insurance.
- D. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
Answer: A,C
NEW QUESTION 48
Which is used to track a specific transaction attribute on subledger journal entries?
- A. lookup value rules
- B. account rules
- C. supporting references
- D. value set rules
Answer: C
NEW QUESTION 49
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Web Center Content Client Command line tool
- B. Oracle UCM Web Services
- C. Oracle Virtual Web Center Services
- D. ERP Integration Service
Answer: C
NEW QUESTION 50
Given the subledger journal entry:
Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?
- A. It is not balanced by entered currency.
- B. It is not balanced by entered amounts.
- C. It is not balanced by balancing segment.
- D. It appears correct.
Answer: C
NEW QUESTION 51
What three are the required elements of an accounting method?
- A. Account rules.
- B. Journal entry rule sets.
- C. Description rules.
- D. Journal line rules.
- E. Supporting reference.
Answer: A,B,D
NEW QUESTION 52
Which duty role should be assigned to job role to import transaction data for accounting and posting in General Ledger?
- A. Accounting Hub Administration.
- B. General Accounting Function Administration.
- C. General Accounting Setup Review.
- D. Accounting Hub Integration.
Answer: D
NEW QUESTION 53
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
- A. Summarize by GL Period
- B. Summarize by GL Date
- C. Transfer in Details
- D. Group by GL Date
Answer: D
NEW QUESTION 54
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
- A. Use the Open Account Balances Listing report that has balances by customer.
- B. Use Supporting References to capture customer classification information.
- C. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
- D. Use the Third Party Control Account feature.
Answer: B
NEW QUESTION 55
Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
- A. Event Type
- B. Journal Entry Rule Set
- C. Event Class
- D. Journal Entry
- E. Journal Line Rule
Answer: E
NEW QUESTION 56
A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?
- A. Activate the accounting method.
- B. Activate the journal entry rule set.
- C. There is no required action. The mapping addition is complete.
- D. Download a new transaction data template.
Answer: C
NEW QUESTION 57
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?
- A. Use a custom formula in a description rule to derive amounts.
- B. Use a custom formula in a supporting reference to derive amounts.
- C. Use a custom formula in an account rule to derive amounts.
- D. Use a custom formula in a journal line rule to derive amounts.
Answer: D
NEW QUESTION 58
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 third parties 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 balancing rules
- C. Enable intercompany balancing option
- D. Enable legal entity rule
Answer: C
NEW QUESTION 59
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 third parties 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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?
- A. One primary ledger
- B. One primary, one repotting currency ledger
- C. One primary, one secondary ledger
- D. Two primary ledgers
Answer: A
NEW QUESTION 60
Which four options are used to reconcile subledger journal entries?
- A. Run the Subledger Accounting Diagnostics report.
- B. Set up reconciliation using the reconciliation reference accounting attribute.
- C. Run the Subledger Accounting Method Setups report.
- D. Assign a descriptive text and source on journal lines.
- E. Build a custom OTBI report.
- F. Tag supporting references with journal entry lines.
Answer: B,D,E,F
NEW QUESTION 61
Which two actions can you accomplish for a registered source system?
- A. Modify the subledger application name as long as there are no pending accounting entries.
- B. Revise source Information through the user interface and add more sources.
- C. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
- D. Add new event classes through the user interface.
Answer: B,C
NEW QUESTION 62
Which statement is true about managing data access for users?
- A. Data assignments can be made only to users who are assigned to specific abstract roles
- B. Data assignments can be made only to users who are assigned to specific duty roles
- C. Data assignments can be made only to users who are assigned to specific job roles
- D. Data assignments can be made to all users without a role assignment
Answer: C
NEW QUESTION 63
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Use either Account Monitor or Account Inspector to get required Information.
- B. Build an OTBI analysis that includes a relevant subject area.
- C. Build a Financial Reporting Studio report that includes all dimensions.
- D. Create a Smart View report using the query designer feature.
Answer: B
NEW QUESTION 64
Given the business use case:
'New Trucks' runs a fleetof 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 third parties 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?
- A. Truck Type
- B. TransactionDate
- C. Company
- D. Customer Number
Answer: D
NEW QUESTION 65
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