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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A) The account rule is defined with conditions that are not allowing the assignment.
B) The account rule does not return any valid account value.
C) The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
D) The account rule is defined with a different chart of accounts from the journal entry rule set.

2. What is NOT included in the minimum required accountingattribute assignments?

A) Second Distribution Identifier
B) Distribution Type
C) Accounting Date
D) First Distribution Identifier

3. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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 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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A) Assign it to an accounting method.
B) Assign it to an account rule.
C) Assign it to an accounting attribute.
D) Assign it to a transaction type.

4. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic profile
B) enable diagnostic source
C) enable diagnostic attribute
D) enable transaction debug

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

Solutions: