[Jul-2022] Pass Oracle 1Z0-1060-21 Tests Engine pdf - All Free Dumps [Q19-Q41]

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[Jul-2022] Pass Oracle 1Z0-1060-21 Tests Engine pdf – All Free Dumps

Oracle Accounting Hub Cloud 2021 Implementation Essentials Practice Tests 2022 | Pass 1Z0-1060-21 with confidence!

Q19. What is NOT included in the minimum required accountingattribute assignments?

Second Distribution Identifier

First Distribution Identifier

Distribution Type

Accounting Date

Q20. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

Virtual Machine Processing Size

Accounting Unit Commit Size

Buffer Unit Size

Processing Unit Size

Q21. Which two options allow validating input values on mapping sets?

Segment values

Lookup types

Value sets

Chart of accounts segment

Q22. In the process of analyzing data from a source system you find that there are no reliable amounts that canbe used to build a subledger journal entry.
How can you resolve this challenge?

Use a custom formula in an account rule to derive amounts.

Use a custom formula in a description rule to derive amounts.

Use a custom formula in a journal line rule to derive amounts.

Use a custom formula in a supporting reference to derive amounts.

Q23. What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

ERP Integration Service

Oracle Web Center Content Client Command line tool

Oracle Virtual Web Center Services

Oracle UCM Web Services

Q24. Which two actions can you accomplish for a registered source system?

Add new event classes through the user interface.

Modify the subledger application name as long as thereare no pending accounting entries.

Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.

Revise source Information through the user interface and add more sources.

Q25. Invoices received from a source system need touse a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?

Create a 30 account combination rule with acondition of expense type.

Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.

Create two journal line rules with a condition of supplier type.

Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.

Q26. ‘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 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 forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.

“Amount” *( NumberofGLPeriod (“Effective Date”, “Last Day of Current Accounting Period”) + 1)/ (NumberofGLPeriod (“Effective Date”, “Expiiy Date”) + 1)

“Amount” – (“Last Day of Current Accounting Period” – “Effective Date” ) / (“Expiry Date” -“Effective Date”)

“Amount” * (“Last Day ol Current Accounting Period” – “Effective Date” + 1) / ((“Expiry Date”
“Effective Date”) + 1)

“Amount” * NumberofGLPeriod (“Effective Date”, “Last Day of Current Accounting Period”) / NumberofGLPeriod (“Effective Date”, ‘Expiry Date”)

Q27. What is the key attribute that is used to query journalentries of a registered source system?

Ledger Name

Transaction Date

Journal Source

Accounting Date

Q28. 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?

Use flexfield

Usecustom formulas

Use mapping set rules

Use analytical calculations

Q29. Which three are mandatory transaction source information?

Transaction Number

Transaction Line

Ledger Name

Transaction Date

Distribution Link

Q30. Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

It is notbalanced by balancing segment.

It is not balanced by entered currency.

It is not balanced by entered amounts.

It appears correct.

Q31. How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?

Two

One

Three

Unlimited

Q32. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

transfer Balances to FAH Reporting Cloud Service

synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service

upload transaction data into FAH Reporting Cloud Service

provide real-time visibility to financial reports inFAH Reporting Cloud Service

Q33. What is a user job role data context assignment?

Security privileges assignment to a user job role

Security data role context assignment to auser job role

Security data access context assignment to a user job role

Duty role context assignment to a user

Q34. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

Accounting Hub Create Accounting Duty Role

Accounting Hub Import Duty Role

Accounting HubIntegration Duty Role

Accounting Hub Create and Post Journal Entry Duty Role

Q35. What can you override in a completed subledger journal entry?

the amounts

the descriptions

the account

the supporting Information

Q36. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

Conversiontype and conversion date

Conversion type, conversion date and conversion rate

Conversion date and conversion rate

Conversion type

Q37. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

Source System and Line Information

Source System and Transaction Information

Source System

Source System, Transaction Information, and Line Information

Q38. Which two can you use to view supporting reference balances?

Use the Supporting Reference Balance Inquiry page.

Submit the standard Supporting Reference Balances Report.

Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting – Supporting Reference Real Time subject area.

Use Business Intelligence Publisher to build a custom report.

Q39. 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?

an Oracle Financial Reporting Studio report

a predefined Oracle Business Intelligence Publisher report

an Oracle Transactional Business Intelligence analysis

a Smart View Report

Q40. How do you enable diagnostics on subledger transaction sources?

enable diagnostic profile

enable diagnostic attribute

enable diagnostic source

enable transaction debug

Q41. 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?

The rule is built using a value set source.

The source does not return any value; therefore the rule is not displayed.

The rule is built using a line level source.

The rule is built using a custom source.