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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Given the business use case:
'New Trucks' runs a fleetof 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?

A) Truck Type
B) Company
C) TransactionDate
D) Customer Number

2. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?

A) Group by GL Date
B) Transfer in Details
C) Summarize by GL Period
D) Summarize by GL Date

3. What attribute of a subledger journal entry is NOT transferred to GL?

A) Accounting lines
B) Accounted amounts
C) Accounting class
D) Supporting references

4. Which two actions can you accomplish for a registered source system?

A) Revise source Information through the user interface and add more sources.
B) Modify the subledger application name as long as thereare no pending accounting entries.
C) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
D) Add new event classes through the user interface.

5. Which is used to track a specific transaction attribute on subledger journal entries?

A) value set rules
B) account rules
C) supporting references
D) lookup value rules

Solutions: