Oracle 1Z0-1060-21 valid study dumps : Oracle Accounting Hub Cloud 2021 Implementation Essentials

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

3. Which four options are used to reconcile subledger journal entries?

A) Assign a descriptive text and source on journal lines.
B) Build a custom OTBIreport.
C) Run the Subledger Accounting Diagnostics report.
D) Set up reconciliation using the reconciliation reference accounting attribute.
E) Run the Subledger Accounting Method Setups report.
F) Tag supporting references with journal entry lines.

4. What attribute of a subledger journal entry is NOT transferred to GL?

A) Accounted amounts
B) Accounting class
C) Accounting lines
D) Supporting references

5. What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

A) ERP Integration Service
B) Oracle Web Center Content Client Command line tool
C) Oracle Virtual Web Center Services
D) Oracle UCM Web Services

Solutions: