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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversiontype and conversion date
B) Conversion type
C) Conversion date and conversion rate
D) Conversion type, conversion date and conversion rate

2. You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?

A) The account override feature is only intended to correct subledger journals that have been posted.
B) The account override feature adjusts the original source transaction.
C) The account override feature provides an audit trail by preserving the original subledger journal entry.
D) The account override feature allows users to record a reason for the adjustment.

3. Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

A) It is not balanced by entered currency.
B) It is not balanced by entered amounts.
C) It is notbalanced by balancing segment.
D) It appears correct.

4. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A) Assign it to an accounting attribute.
B) Assign it to a transaction type.
C) Assign it to an account rule.
D) Assign it to an accounting method.

5. 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) Run predefined reports and filter the report with the available report parameters.
B) Build a new data warehouse solution.
C) Request support team to download subledger Journal entry data.
D) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.

Solutions: