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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Which four options are used to reconcile subledger journal entries?

A) Run the Subledger Accounting Diagnostics report.
B) Run the Subledger Accounting Method Setups report.
C) Set up reconciliation using the reconciliation reference accounting attribute.
D) Tag supporting references with journal entry lines.
E) Build a custom OTBIreport.
F) Assign a descriptive text and source on journal lines.

2. Which transaction source is used to link transaction header and line information?

A) Transaction Date
B) Transaction Number
C) Transaction Type
D) Transaction Key

3. 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?

A) The rule is built using a value set source.
B) The rule is built using a custom source.
C) The rule is built using a line level source.
D) The source does not return any value; therefore the rule is not displayed.

4. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Document Sequence
B) Accounting Sequence
C) Reporting Sequence
D) Journal Entry Sequence

5. 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) TransactionDate
B) Truck Type
C) Customer Number
D) Company

Solutions: