Oracle Accounting Hub Cloud 2020 Implementation Essentials : 1Z0-1060-20

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. '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") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
B) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
C) "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
D) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")

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

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

4. Which three are mandatory transaction source information?

A) Transaction Date
B) Distribution Link
C) Transaction Number
D) Transaction Line
E) Ledger Name

5. A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?

A) Run predefined reports and filter the report with the available report parameters.
B) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
C) Request support team to download subledger Journal entry data.
D) Build a new data warehouse solution.

Solutions: