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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Transaction objects
B) Event entities
C) Mapping sets
D) Source objects

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

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

3. 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

4. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A) Register it as a new source system.
B) Change the transaction data file.
C) Add this as a new transaction type into existing registered subledger from the user interface.
D) Add this as a new transaction typo into existing subledger registration spreadsheet template.

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

Solutions: