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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. What is the key attribute that is used to query journalentries of a registered source system?

A) Transaction Date
B) Journal Source
C) Accounting Date
D) Ledger Name

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 sourcecode 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 mapping set rules
B) Usecustom formulas
C) Use analytical calculations
D) Use flexfield

4. 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) Transaction objects
B) Source objects
C) Event entities
D) Mapping sets

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: