New (2023) Oracle 1z0-1060-22 Exam Dumps
Best Way To Study For Oracle 1z0-1060-22 Exam Brilliant 1z0-1060-22 Exam Questions PDF
Oracle 1z0-1060-22 Exam Syllabus Topics:
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NEW QUESTION 21
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 flexfield
- D. Use analytical calculations
Answer: B
NEW QUESTION 22
What is the key attribute that is used to query journal entries of a registered source system?
- A. Ledger Name
- B. Journal Source
- C. Accounting Date
- D. Transaction Date
Answer: B
NEW QUESTION 23
Which three worksheets are a part of the source system Registration Spreadsheet Template? Choose Three
- A. Transaction Information
- B. Source System
- C. Metadata Information
- D. Accounting Method Information
- E. Line Information
Answer: A,B,E
NEW QUESTION 24
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Specify Ledger Options
- B. Manage Accounting Attribute Assignments
- C. Manage Reporting Currencies
- D. Manage Subledger Accounting Options
Answer: C
NEW QUESTION 25
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. Summarize by GL Period
- C. Transfer in Details
- D. Summarize by GL Date
Answer: D
NEW QUESTION 26
'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.
Insurance premium Is 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. Multiperiod and Recognition
- B. Offsets and Recognition
- C. Deferral and Recognition
- D. Reversal and Recognition
Answer: C
NEW QUESTION 27
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 appears correct.
- B. It is not balanced by entered amounts.
- C. It is not balanced by balancing segment.
- D. It is not balanced by entered currency.
Answer: C
NEW QUESTION 28
What is a user job role data context assignment?
- A. Security data role context assignment to a user job role
- B. Security privileges assignment to a user job role
- C. Security data access context assignment to a user job role
- D. Duty role context assignment to a user
Answer: C
NEW QUESTION 29
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. Source objects
- B. Event entities
- C. Transaction objects
- D. Mapping sets
Answer: B
NEW QUESTION 30
Which tool enables developers to produce real-time information by creating analyses and reports by suing graphs, charts, and tables?
- A. BI Composer.
- B. BI Answers.
- C. Financial Reporting Studio.
- D. BI Publisher.
Answer: B
NEW QUESTION 31
Which is an alternate way to implement a mapping set rule?
- A. Define a flexfield rule with conditions.
- B. Define a chart of account rule with conditions.
- C. Define a lookup type rule with conditions.
- D. Define an account rule with conditions.
Answer: D
NEW QUESTION 32
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- A. Accounting Hub Create and Post Journal Entry Duty Role
- B. Accounting Hub Import Duty Role
- C. Accounting Hub Integration Duty Role
- D. Accounting Hub Create Accounting Duty Role
Answer: C
NEW QUESTION 33
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
- A. Use the Third Party Control Account feature.
- B. Use Supporting References to capture customer classification information.
- C. Use the Open Account Balances Listing report that has balances by customer.
- D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Answer: B
NEW QUESTION 34
Which four components are related to the Accounting Hub?
- A. Accounting Transformations
- B. Sub Ledgers
- C. Financial Reporting
- D. Outbound Integration
- E. General Ledger
Answer: A,B,C,E
NEW QUESTION 35
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 36
Which tool will you use to review an account group in a graphical format from the Financial Reporting Center?
- A. BI Composer
- B. Sunburst
- C. BI Catalog
- D. EPM
Answer: C
NEW QUESTION 37
Which transaction source is used to link transaction header and line information?
- A. Transaction Key
- B. Transaction Number
- C. Transaction Date
- D. Transaction Type
Answer: B
NEW QUESTION 38
Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
- A. Supporting reference with balance using Account Manager as a source.
- B. Supporting reference without balance using Account Manager as a source.
- C. Description rule with Revenue Amount as a source.
- D. Description rule with Account Managers as a source.
Answer: A
NEW QUESTION 39
Which two options allow validating input values on mapping sets?
- A. Chart of accounts segment
- B. Value sets
- C. Lookup types
- D. Segment values
Answer: B,C
NEW QUESTION 40
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. upload transaction data into FAH Reporting Cloud Service
- B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- C. provide real-time visibility to financial reports in FAH Reporting Cloud Service
- D. transfer Balances to FAH Reporting Cloud Service
Answer: B
NEW QUESTION 41
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 the 3 Loan systems and one subledger for Insurance.
- B. One subledger for all 4 source systems.
- C. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
- D. One subledger for each source system.
Answer: A,D
NEW QUESTION 42
Which task in the Setup and Maintenance work area is used to download the template for registering a source system in the Accounting Hub Cloud?
- A. Manage Configuration Packages
- B. Manage Subledger Application
- C. Create Subledger Application Setups in the Spreadsheet
- D. Update Subledger Accounting Options
Answer: C
NEW QUESTION 43
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounted amounts
- B. Accounting lines
- C. Supporting references
- D. Accounting class
Answer: B
NEW QUESTION 44
Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?
- A. Manage Reporting Currencies
- B. Specify Ledger Options
- C. Manage Accounting Attribute Assignments
- D. Manage Subledger Accounting Options
Answer: C
NEW QUESTION 45
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