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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Source System and Integration | - Register source systems and integration options - Update registered source systems |
| Reporting and Period Close | - Reporting and period close processes |
| Transaction Data and Automation | - Understand transaction data and automation with web services |
| Accounting Rule Configuration | - Configure and analyze accounting rules |
| Adjust Journal Entries | - Manage and adjust journal entries |
| Modeling Considerations | - Analyze modeling considerations |
| Functional Setup and Security | - Configure security roles and access - Use Functional Setup Manager |
| Transaction Lifecycle | - Analyze transaction type life cycle |
| Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
Question 1
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 inthe 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, 'NewTrucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How can the automatic recognition of insurance income be implemented in AccountingHub Cloud?
A. Set up automatic Journal line reversal.
B. Create an adjustment journal entry.
C. Set up multiperiod accounting journal lines.
D. Set up a transaction line reversal.
Question 2
What is the key attribute that is used to query journalentries of a registered source system?
A. Ledger Name
B. Journal Source
C. Transaction Date
D. Accounting Date
Question 3
What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?
A. Document Sequence
B. Accounting Sequence
C. Reporting Sequence
D. Journal Entry Sequence
Question 4
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 accountingrules 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 Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
D. One subledger for each source system.
Question 5
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
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: B | Question 4 Answer: A,B | Question 5 Answer: A |
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