Oracle 1Z0-1060-20

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A) Journal Entry Rule Set
B) Event Class
C) Event Type
D) Journal Line Rule
E) Journal Entry

2. 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 calculate discounts for use in the accounting rule?

A) Use custom formulas
B) Use flexfield
C) Use mapping set rules
D) Use analytical calculations

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

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

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

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

5. After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

A) Register another source system that includes these new transaction sources.
B) Tell them this cannot be implemented.
C) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
D) Add new transaction sources from the user interface.

Solutions: