Latest Oracle 1z0-1060-22 Exam questions and answers
Dumps4PDF 1z0-1060-22 Exam Practice Test Questions (Updated 89 Questions)
NEW QUESTION # 19
Which statement is true about managing data access for users?
- A. Data assignments can be made only to users who are assigned to specific duty roles
- B. Data assignments can be made to all users without a role assignment
- C. Data assignments can be made only to users who are assigned to specific job roles
- D. Data assignments can be made only to users who are assigned to specific abstract roles
Answer: C
NEW QUESTION # 20
You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?
- A. Run Create Accounting again to generate journal entries for the events that ended in error.
- B. Run the Accounting Events Diagnostic Report.
- C. Submit the Accounting Event Diagnostics process.
- D. Set the "SLA: Diagnostics Enabled" profile option.
Answer: D
NEW QUESTION # 21
Which transaction source is used to link transaction header and line information?
- A. Transaction Key
- B. Transaction Number
- C. Transaction Date
- D. Transaction Type
Answer: B
NEW QUESTION # 22
Which four components are related to the Accounting Hub?
- A. Sub Ledgers
- B. Outbound Integration
- C. General Ledger
- D. Financial Reporting
- E. Accounting Transformations
Answer: A,C,D,E
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 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 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.
Answer: D
NEW QUESTION # 24
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. Request support team to download subledger Journal entry data.
- B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- C. Build a new data warehouse solution.
- D. Run predefined reports and filter the report with the available report parameters.
Answer: B
NEW QUESTION # 25
Which role must the user have to import accounting transaction data?
- A. Accounting Hub Administration Duty role
- B. Subledger Accounting Reporting Duty role
- C. Accounting Hub Integration Duty role
- D. Subledger Accounting Duty role
Answer: C
NEW QUESTION # 26
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 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 wil the typical transaction information be at the header level?
- A. Currency
- B. Line Type
- C. Amount
- D. Customer Number
Answer: D
NEW QUESTION # 27
You have recently registered a new source system and now the customer wants you to add another event type within this source system. What is the correct method to add another event type?
- A. Create another source system with the new event type and merge it with the previous source system
- B. Register the source system again by including the New Event Type
- C. Download the template again with the source system data, add the new event type, and upload the data again
- D. Add the new Event Type from the User Interface by navigating to the Manage Subledger Application Page
Answer: D
NEW QUESTION # 28
'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 for slicing 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 two dates.
- A. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
- B. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- C. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date" "Effective Date") + 1)
- D. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
Answer: B
NEW QUESTION # 29
What is the required date format used to import accounting transactions to Accounting Hub Cloud?
- A. DD-MON-YYYY
- B. MM-DD-YYYY
- C. YYYY-MM-DD
- D. The user can customize the date format
Answer: C
NEW QUESTION # 30
How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?
- A. Unlimited
- B. Three
- C. One
- D. Two
Answer: C
NEW QUESTION # 31
Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?
- A. Calendar and currency.
- B. Chart of account and convention.
- C. Chart of account and calendar.
- D. Chart of account and currency.
Answer: C
NEW QUESTION # 32
Which three are mandatory transaction source information?
- A. Ledger Name
- B. Distribution Link
- C. Transaction Date
- D. Transaction Number
- E. Transaction Line
Answer: A,C,E
NEW QUESTION # 33
What is NOT included in the minimum required accounting attribute assignments?
- A. Accounting Date
- B. Second Distribution Identifier
- C. First Distribution Identifier
- D. Distribution Type
Answer: B
NEW QUESTION # 34
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