Try Oracle : 1Z0-1060-20 valid & accurate questions and answers

You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

• A. The rule is built using a line level source.
• B. The rule is built using a custom source.
• C. The rule is built using a value set source.
• D. The source does not return any value; therefore the rule is not displayed.

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.
How do you set up an account rule that is based on leased and owned trucks?

• A. Set up a value set rule.
• B. Set up a mapping set rule.
• C. Set up an account source in the source system file and derive the value.
• D. Set up a lookup value.

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

What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

• A. Accounting Hub Integration Duty Role
• B. Accounting Hub Create Accounting Duty Role
• C. Accounting Hub Create and Post Journal Entry Duty Role
• D. Accounting Hub Import Duty Role

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, one secondary ledger
• B. One primary ledger
• C. One primary, one repotting currency ledger
• D. Two primary ledgers