1Z0-1060-21 Exam Info and Free Practice Test Professional Quiz Study Materials
Accurate Hot Selling 1Z0-1060-21 Exam Dumps 2022 Newly Released
NEW QUESTION 18
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?
- A. Summarize by GL Date
- B. Group by GL Date
- C. Summarize by GL Period
- D. Transfer in Details
Answer: B
NEW QUESTION 19
Which three are mandatory transaction source information?
- A. Transaction Number
- B. Ledger Name
- C. Transaction Date
- D. Transaction Line
- E. Distribution Link
Answer: A,B,C
NEW QUESTION 20
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. Build a new data warehouse solution.
- B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- C. Run predefined reports and filter the report with the available report parameters.
- D. Request support team to download subledger Journal entry data.
Answer: B
NEW QUESTION 21
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 Oracle OTBI tool.
- C. Use PaaS tools, for example, ICS - to perform ETL tasks.
- D. Use Oracle ERP Integration tool.
Answer: C
NEW QUESTION 22
Which transaction source is used to link transaction header and line information?
- A. Transaction Key
- B. Transaction Type
- C. Transaction Number
- D. Transaction Date
Answer: C
NEW QUESTION 23
Given the business requirement in the 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 sourcecode 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 are the key transaction types mentioned in the use case?
- A. Purchase Trucks and Pay Out Trucks
- B. Pay Insurance and Control Truck Services
- C. Purchase Trucks and Deploy Trucks
- D. Initiate Truck Rentals Contract and Pay Truck Maintenance
Answer: D
NEW QUESTION 24
A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value thatmaps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?
- A. Activate the journal entry rule set.
- B. Activate the accounting method.
- C. There is no required action. The mapping addition is complete.
- D. Download a new transaction data template.
Answer: C
NEW QUESTION 25
What is the required date format used to import accounting transactions to Accounting Hub Cloud?
- A. YYYY-MM-DD
- B. The user can customize the date format
- C. DD-MON-YYYY
- D. MM-DD-YYYY
Answer: A
NEW QUESTION 26
What is NOT included in the minimum required accountingattribute assignments?
- A. Accounting Date
- B. Distribution Type
- C. Second Distribution Identifier
- D. First Distribution Identifier
Answer: C
NEW QUESTION 27
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?
- A. Use analytical calculations
- B. Usecustom formulas
- C. Use mapping set rules
- D. Use flexfield
Answer: B
NEW QUESTION 28
What is a user job role data context assignment?
- A. Security privileges assignment to a user job role
- B. Security data access context assignment to a user job role
- C. Duty role context assignment to a user
- D. Security data role context assignment to auser job role
Answer: B
NEW QUESTION 29
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 mapping set rule.
- C. Set up an account source in the source system file and derive the value.
- D. Set up a lookup value.
Answer: B
NEW QUESTION 30
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?
- A. 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.
- B. Create a 30 account combination rule with acondition of expense type.
- C. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- D. Create two journal line rules with a condition of supplier type.
Answer: A
NEW QUESTION 31
How do you enable diagnostics on subledger transaction sources?
- A. enable diagnostic attribute
- B. enable transaction debug
- C. enable diagnostic source
- D. enable diagnostic profile
Answer: D
NEW QUESTION 32
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?
- A. Assign an accounting attribute.
- B. Assign a line classification or line type attribute.
- C. Assign a custom formula.
- D. You do not need to do anything additional.
Answer: B
NEW QUESTION 33
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. Submit the Accounting Event Diagnostics process.
- B. Set the "SLA: Diagnostics Enabled" profile option.
- C. Run the Accounting Events DiagnosticReport.
- D. Run Create Accounting again to generate journal entries for the events that ended in error.
Answer: B
NEW QUESTION 34
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