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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

Question 1

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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

A. Set up multiperiod accounting journal lines.
B. Set up automatic Journal line reversal.
C. Create an adjustment journal entry.
D. Set up a transaction line reversal.

Question 2

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 a web service tool.
B. Use PaaS tools, for example, ICS - to perform ETL tasks.
C. Use Oracle OTBI tool.
D. Use Oracle ERP Integration tool.

Question 3

A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

A. Summarize by GL Period
B. Summarize by GL Date
C. Group by GL Date
D. Transfer in Details

Question 4

Which is an alternate way to implement a mapping set rule?

A. Define a flexfield rule with conditions.
B. Define a chart of account rule with conditions.
C. Define an account rule with conditions.
D. Define a lookup type rule with conditions.

Question 5

There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?

A. define journal entry rule set with condition
B. define user transaction line identifier
C. define line description rule with condition
D. define journal line rules with conditions

Solutions: