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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. '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) Recurring Journal class
C) Multiperiod class
D) Accounting class

2. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Mapping Set
B) Constant
C) Value Set
D) Account Combination
E) Source
F) Existing Account Rule

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

A) Accounting Date
B) Ledger Name
C) Transaction Date
D) Journal Source

4. 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 andloss 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 lookup value.
C) Set up an account source in the source system file and derive the value.
D) Set up a mapping set rule.

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

A) Submit the standard Supporting Reference Balances Report.
B) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
C) Use the Supporting Reference Balance Inquiry page.
D) Use Business Intelligence Publisher to build a custom report.

Solutions: