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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Which two can you use to view supporting reference balances?

A) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
B) Use Business Intelligence Publisher to build a custom report.
C) Submit the standard Supporting Reference Balances Report.
D) Use the Supporting Reference Balance Inquiry page.

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

3. 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 a transaction line reversal.
C) Create an adjustment journal entry.
D) Set up automatic Journal line reversal.

4. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Subledger Accounting Manager
B) Accounting Hub Integration
C) Accounting Hub Maintenance
D) Accounting Hub Administration
E) Application Implementation Consultant

5. You need to build a complex account rule. Which four value types you use in yourdefinition?

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

Solutions: