Passing Oracle 1z0-1060-22 Exam Using 2022 Practice Tests
1z0-1060-22 Study Guide Brilliant 1z0-1060-22 Exam Dumps PDF
Oracle 1z0-1060-22 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION 48
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- A. Accounting Hub Import Duty Role
- B. Accounting Hub Create and Post Journal Entry Duty Role
- C. Accounting Hub Integration Duty Role
- D. Accounting Hub Create Accounting Duty Role
Answer: C
NEW QUESTION 49
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. Mapping sets
- B. Source objects
- C. Transaction objects
- D. Event entities
Answer: C
NEW QUESTION 50
Which role provides full access to perform all Functional Setup Manager-related activities?
- A. Accounting Hub Integration
- B. IT Security Manager
- C. Application Implementation Manager
- D. Application Implementation Consultant
Answer: D
NEW QUESTION 51
Which three are mandatory transaction source information?
- A. Transaction Line
- B. Distribution Link
- C. Transaction Date
- D. Transaction Number
- E. Ledger Name
Answer: A,C,E
NEW QUESTION 52
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
- A. One subledger for all 4 source systems.
- B. One subledger for the 3 Loan systems and one subledger for Insurance.
- C. One subledger for each source system.
- D. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
Answer: A,B
NEW QUESTION 53
What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?
- A. Mapping sets
- B. Source objects
- C. Transaction objects
- D. Event entities
Answer: D
NEW QUESTION 54
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. transfer Balances to FAH Reporting Cloud Service
- B. upload transaction data into FAH Reporting Cloud Service
- C. provide real-time visibility to financial reports in FAH Reporting Cloud Service
- D. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
Answer: D
NEW QUESTION 55
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?
- A. define user transaction line identifier
- B. define line description rule with condition
- C. define journal line rules with conditions
- D. define journal entry rule set with condition
Answer: B
NEW QUESTION 56
'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Reversal and Recognition
- B. Offsets and Recognition
- C. Multiperiod and Recognition
- D. Deferral and Recognition
Answer: C
NEW QUESTION 57
Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?
- A. Chart of account and convention.
- B. Chart of account and currency.
- C. Chart of account and calendar.
- D. Calendar and currency.
Answer: C
NEW QUESTION 58
Which two options allow validating input values on mapping sets?
- A. Chart of accounts segment
- B. Lookup types
- C. Segment values
- D. Value sets
Answer: B,D
NEW QUESTION 59
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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?
- A. One primary, one repotting currency ledger
- B. Two primary ledgers
- C. One primary, one secondary ledger
- D. One primary ledger
Answer: D
NEW QUESTION 60
Which statement is true about accounting transformation?
- A. It is used to build approval rules for transaction recorded in third party source system.
- B. It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.
- C. It allows recording of transaction directly in the registration third-party source system.
- D. It is the process of converting transaction or activities from any source systems into journal entries.
Answer: D
NEW QUESTION 61
'Insurances for Homes' company provide home insurance service. They have in-house built system that processes home 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.
- A. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
- B. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
- C. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- D. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date" "Effective Date") + 1)
Answer: C
NEW QUESTION 62
Which two components are used as part of the accounting event model?
- A. Event Object.
- B. Event Type.
- C. Event Class.
- D. Event Category.
Answer: B,C
NEW QUESTION 63
What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?
- A. Use a web service tool.
- B. Use PaaS tools, for example, ICS - to perform ETL tasks.
- C. Use Oracle OTBI tool.
- D. Use Oracle ERP Integration tool.
Answer: B
NEW QUESTION 64
You have recently registered a new source system and now the customer wants you to add another event type within this source system. What is the correct method to add another event type?
- A. Register the source system again by including the New Event Type
- B. Add the new Event Type from the User Interface by navigating to the Manage Subledger Application Page
- C. Download the template again with the source system data, add the new event type, and upload the data again
- D. Create another source system with the new event type and merge it with the previous source system
Answer: B
NEW QUESTION 65
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 notbalanced by balancing segment.
- B. It appears correct.
- C. It is not balanced by entered currency.
- D. It is not balanced by entered amounts.
Answer: A
NEW QUESTION 66
......
Free 1z0-1060-22 Test Questions Real Practice Test Questions: https://www.braindumpsvce.com/1z0-1060-22_exam-dumps-torrent.html
View 1z0-1060-22 Exam Question Dumps With Latest Demo: https://drive.google.com/open?id=1qn5rdCgF6E_XQ1Zmp3kuPX1QJ0FAsexc