Oracle 1Z0-1060-20

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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 do you set up an account rule that is based on leased and owned trucks?

A. Set up an account source in the source system file and derive the value.
B. Set up a value set rule.
C. Set up a lookup value.
D. Set up a mapping set rule.

Question 2

What is a user job role data context assignment?

A. Security privileges assignment to a user job role
B. Duty role context assignment to a user
C. Security data role context assignment to a user job role
D. Security data access context assignment to a user job role

Question 3

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

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

Question 4

After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A. an Oracle Transactional Business Intelligence analysis
B. a predefined Oracle Business Intelligence Publisher report
C. a Smart View Report
D. an Oracle Financial Reporting Studio report

Question 5

What is NOT included in the minimum required accounting attribute assignments?

A. First Distribution Identifier
B. Distribution Type
C. Second Distribution Identifier
D. Accounting Date

Solutions: