Oracle 1Z0-1060-20 : Oracle Accounting Hub Cloud 2020 Implementation Essentials

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Which two options allow validating input values on mapping sets?

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

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

3. 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable legal entity rule
B) Enable chart of accounts rule
C) Enable balancing rules
D) Enable intercompany balancing option

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

A) Define a lookup type rule with conditions.
B) Define an account rule with conditions.
C) Define a flexfield rule with conditions.
D) Define a chart of account rule with conditions.

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

Solutions: