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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Mapping sets
B) Event entities
C) Transaction objects
D) Source objects

2. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversion type, conversion date and conversion rate
B) Conversiontype and conversion date
C) Conversion date and conversion rate
D) Conversion type

3. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic profile
B) enable transaction debug
C) enable diagnostic attribute
D) enable diagnostic source

4. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A) Assign it to an account rule.
B) Assign it to an accounting attribute.
C) Assign it to a transaction type.
D) Assign it to an accounting method.

5. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A) Source System, Transaction Information, and Line Information
B) Source System
C) Source System and Line Information
D) Source System and Transaction Information

Solutions: