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

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. '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) Offsets and Recognition
B) Reversal and Recognition
C) Multiperiod and Recognition
D) Deferral and Recognition

2. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

A) Group by GL Date
B) Summarize by GL Date
C) Transfer in Details
D) Summarize by GL Period

3. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversion type, conversion date and conversion rate
B) Conversion type
C) Conversion type and conversion date
D) Conversion date and conversion rate

4. Which two can you use to view supporting reference balances?

A) Use the Supporting Reference Balance Inquiry page.
B) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
C) Use Business Intelligence Publisher to build a custom report.
D) Submit the standard Supporting Reference Balances Report.

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

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

Solutions: