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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

Question 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.

Question 2

The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A. Register it as a new source system.
B. Add this as a new transaction typo into existing subledger registration spreadsheet template.
C. Add this as a new transaction type into existing registered subledger from the user interface.
D. Change the transaction data file.

Question 3

Which three are mandatory transaction source information?

A. Ledger Name
B. Distribution Link
C. Transaction Number
D. Transaction Line
E. Transaction Date

Question 4

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 sourcecode 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.
How do you calculate discounts for use in the accounting rule?

A. Use mapping set rules
B. Use flexfield
C. Usecustom formulas
D. Use analytical calculations

Question 5

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. Create a Smart View report using the query designer feature.
B. Build an OTBI analysis that includes a relevant subject area.
C. Use either Account Monitor or Account Inspector to getrequired Information.
D. Build a Financial Reporting Studio report that includes all dimensions.

Solutions: