1Z0-1060-21 PDF Dumps | Jan 02, 2022 Recently Updated Questions
1Z0-1060-21 Exam Questions – Valid 1Z0-1060-21 Dumps Pdf
NEW QUESTION 20
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. Company
- B. Customer Number
- C. TransactionDate
- D. Truck Type
Answer: D
NEW QUESTION 21
Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?
- A. Manage Subledger Accounting Options
- B. Specify Ledger Options
- C. Manage Accounting Attribute Assignments
- D. Manage Reporting Currencies
Answer: D
NEW QUESTION 22
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a new data warehouse solution.
- B. Run predefined reports and filter the report with the available report parameters.
- C. Request support team to download subledger Journal entry data.
- D. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
Answer: D
NEW QUESTION 23
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
Answer: C
NEW QUESTION 24
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Virtual Web Center Services
- B. Oracle Web Center Content Client Command line tool
- C. ERP Integration Service
- D. Oracle UCM Web Services
Answer: A
NEW QUESTION 25
Which is used to track a specific transaction attribute on subledger journal entries?
- A. value set rules
- B. account rules
- C. lookup value rules
- D. supporting references
Answer: D
NEW QUESTION 26
'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
- A. Recognition Journal class
- B. Accounting class
- C. Multiperiod class
- D. Recurring Journal class
Answer: C
NEW QUESTION 27
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Application Implementation Consultant
- B. Accounting Hub Maintenance
- C. Subledger Accounting Manager
- D. Accounting Hub Integration
- E. Accounting Hub Administration
Answer: A,D,E
NEW QUESTION 28
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. Conversion date and conversion rate
- C. Conversion type
- D. Conversiontype and conversion date
Answer: B
NEW QUESTION 29
What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?
- A. Accounting Unit Commit Size
- B. Processing Unit Size
- C. Buffer Unit Size
- D. Virtual Machine Processing Size
Answer: B
NEW QUESTION 30
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. Change the transaction data file.
- C. Add this as a new transaction typo into existing subledger registration spreadsheet template.
- D. Add this as a new transaction type into existing registered subledger from the user interface.
Answer: A,D
NEW QUESTION 31
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 an account rule.
- C. Assign it to a transaction type.
- D. Assign it to an accounting method.
Answer: B
NEW QUESTION 32
What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?
- A. Use Oracle ERP Integration tool.
- B. Use PaaS tools, for example, ICS - to perform ETL tasks.
- C. Use a web service tool.
- D. Use Oracle OTBI tool.
Answer: B
NEW QUESTION 33
'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Offsets and Recognition
- B. Deferral and Recognition
- C. Multiperiod and Recognition
- D. Reversal and Recognition
Answer: B
NEW QUESTION 34
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?
- A. a Smart View Report
- B. an Oracle Transactional Business Intelligence analysis
- C. an Oracle Financial Reporting Studio report
- D. a predefined Oracle Business Intelligence Publisher report
Answer: B
NEW QUESTION 35
What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?
- A. Source System and Line Information
- B. Source System, Transaction Information, and Line Information
- C. Source System
- D. Source System and Transaction Information
Answer: B
NEW QUESTION 36
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 thirdparties 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 legal entity rule
- B. Enable chart of accounts rule
- C. Enable balancing rules
- D. Enable intercompany balancing option
Answer: D
NEW QUESTION 37
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