1Z0-1060-22 Online Practice Questions and Answers

Which is an alternate way to implement a mapping set rule?

A. Define a chart of account rule with conditions.

B. Define a lookup type rule with conditions.

C. Define a flexfield rule with conditions.

D. Define an account rule with conditions.

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

A. Source System and Line Information

B. Source System and Transaction Information

C. Source System

D. Source System, Transaction Information, and Line Information

How do you enable diagnostics on subledger transaction sources?

A. enable diagnostic profile

B. enable diagnostic attribute

C. enable diagnostic source

D. enable transaction debug

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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A. Assign it to an accounting method.

B. Assign it to an account rule.

C. Assign it to a transaction type.

D. Assign it to an accounting attribute.

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. Build a new data warehouse solution.

B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.

C. Request support team to download subledger Journal entry data.

D. Run predefined reports and filter the report with the available report parameters.

Given the business use case:

'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all Journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.

The line information may contain more than one line for the same header.

When uploading transactions, which is a way to differentiate each Journal line?

A. Assign a custom formula.

B. Assign an accounting attribute.

C. You do not need to do anything additional.

D. Assign a line classification or line type attribute.

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

A. Accounting Hub Maintenance

B. Subledger Accounting Manager

C. Accounting Hub Administration

D. Application Implementation Consultant

E. Accounting Hub Integration

Which three are mandatory transaction source information?

A. Transaction Number

B. Transaction Line

C. Ledger Name

D. Transaction Date

E. Distribution Link

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

A. Conversion type and conversion date

B. Conversion type, conversion date and conversion rate

C. Conversion date and conversion rate

D. Conversion type

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 balancing segment.

B. It is not balanced by entered currency.

C. It is not balanced by entered amounts.

D. It appears correct.