Oracle 1Z0-1060-21

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

Question 1

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

Question 2

While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
B. The account rule is defined with a different chart of accounts from the journal entry rule set.
C. The account rule is defined with conditions that are not allowing the assignment.
D. The account rule does not return any valid account value.

Question 3

Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?

A. One primary, one secondary ledger
B. One primary, one repotting currency ledger
C. One primary ledger
D. Two primary ledgers

Question 4

Which two options allow validating input values on mapping sets?

A. Chart of accounts segment
B. Segment values
C. Lookup types
D. Value sets

Question 5

What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A. Source System
B. Source System and Transaction Information
C. Source System and Line Information
D. Source System, Transaction Information, and Line Information

Solutions: