Pass Your Oracle Exam with 1z0-1060-22 Exam Dumps (Updated 89 Questions)
1z0-1060-22 Exam Dumps - Oracle Practice Test Questions
NEW QUESTION # 13
What is the required date format used to import accounting transactions to Accounting Hub Cloud?
- A. YYYY-MM-DD
- B. DD-MON-YYYY
- C. The user can customize the date format
- D. MM-DD-YYYY
Answer: A
NEW QUESTION # 14
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounting class
- B. Accounting lines
- C. Accounted amounts
- D. Supporting references
Answer: B
NEW QUESTION # 15
Which role combines the functional privilege for an individual task or duty with the relevant data security policies?
- A. Data Role
- B. Abstract Roles
- C. Duty Role
- D. Aggregate Privilege
Answer: D
NEW QUESTION # 16
Given the business requirement in the 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 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.
What are the key transaction types mentioned in the use case?
- A. Initiate Truck Rentals Contract and Pay Truck Maintenance
- B. Purchase Trucks and Deploy Trucks
- C. Pay Insurance and Control Truck Services
- D. Purchase Trucks and Pay Out Trucks
Answer: A
NEW QUESTION # 17
Which tool will you use to review an account group in a graphical format from the Financial Reporting Center?
- A. Sunburst
- B. BI Catalog
- C. EPM
- D. BI Composer
Answer: B
NEW QUESTION # 18
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?
- A. Reporting Sequence
- B. Accounting Sequence
- C. Document Sequence
- D. Journal Entry Sequence
Answer: B
NEW QUESTION # 19
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- B. transfer Balances to FAH Reporting Cloud Service
- C. upload transaction data into FAH Reporting Cloud Service
- D. provide real-time visibility to financial reports inFAH Reporting Cloud Service
Answer: C
NEW QUESTION # 20
Which two components are used by the Approvals Workflow in Oracle Cloud Applications?
- A. SOA Suite
- B. Calculation Manager
- C. BPM Worklist
- D. OTBI
Answer: A,C
NEW QUESTION # 21
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Create a Smart View report using the query designer feature.
- B. Build an OTBI analysis that includes a relevant subject area.
- C. Build a Financial Reporting Studio report that includes all dimensions.
- D. Use either Account Monitor or Account Inspector to get required Information.
Answer: B
NEW QUESTION # 22
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 Account Managers as a source.
- D. Description rule with Revenue Amount as a source.
Answer: A
NEW QUESTION # 23
'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") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
- B. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- 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")
Answer: B
NEW QUESTION # 24
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 Supporting References to capture customer classification information.
- B. Use the Third Party Control Account feature.
- 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: A
NEW QUESTION # 25
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. Create Subledger Application Setups in the Spreadsheet
- B. Manage Configuration Packages
- C. Manage Subledger Application
- D. Update Subledger Accounting Options
Answer: A
NEW QUESTION # 26
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Accounting Hub Integration
- C. Subledger Accounting Manager
- D. Application Implementation Consultant
- E. Accounting Hub Maintenance
Answer: B,C,D
NEW QUESTION # 27
Which role provides full access to perform all Functional Setup Manager-related activities?
- A. Accounting Hub Integration
- B. IT Security Manager
- C. Application Implementation Consultant
- D. Application Implementation Manager
Answer: C
NEW QUESTION # 28
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 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.
What would the typical line information be?
- A. Transaction Date
- B. Company
- C. Customer Number
- D. Truck Type
Answer: D
NEW QUESTION # 29
What is "Opt-In," in the context of the Functional Setup Manager?
- A. It is a step where you enter the setup data necessary for your enabled offerings and functional areas
- B. It is a step where you move verified data into the production environment
- C. It is a step where you will identify the offerings that you want to implement
- D. It is a step where you can select the offerings, functional areas, and features that best fit your business requirements
Answer: A
NEW QUESTION # 30
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle UCM Web Services
- B. ERP Integration Service
- C. Oracle Web Center Content Client Command line tool
- D. Oracle Virtual Web Center Services
Answer: D
NEW QUESTION # 31
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 # 32
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 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
- A. Enable chart of accounts rule
- B. Enable intercompany balancing option
- C. Enable legal entity rule
- D. Enable balancing rules
Answer: B
NEW QUESTION # 33
Which three are mandatory transaction source information?
- A. Ledger Name
- B. Transaction Date
- C. Transaction Number
- D. Distribution Link
- E. Transaction Line
Answer: A,B,C
NEW QUESTION # 34
Which two statements are true about the Accounting Hub Cloud?
- A. It does not allow publishing output files to PeopleSoft General Ledgers
- B. It has a robust Accounting Engine which allows you to configure accounting rules
- C. It brings together disparate accounting systems into a centrally-accessible source of truth
- D. Integration of information into the Accounting Hub Cloud is restricted to a maximum of three source systems
Answer: B,C
NEW QUESTION # 35
Which function of Smart View create multiple reports from dimension values by using same grid structure?
- A. Zooming in and out.
- B. Drill-through.
- C. Cascading.
- D. Pivoting.
Answer: C
NEW QUESTION # 36
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 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 set up an account rule that is based on leased and owned trucks?
- A. Set up an account source in the source system file and derive the value.
- B. Set up a value set rule.
- C. Set up a mapping set rule.
- D. Set up a lookup value.
Answer: C
NEW QUESTION # 37
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. Request support team to download subledger Journal entry data.
- C. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- D. Build a new data warehouse solution.
Answer: C
NEW QUESTION # 38
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