| Exam Code | 1z0-1060 |
| Exam Name | Oracle Accounting Hub Cloud 2019 Implementation Essentials |
| Questions | 60 Questions Answers With Explanation |
| Update Date | March 05,2024 |
| Price |
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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 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 a transaction type.
D. Assign it to an accounting attribute.
'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. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
A. Recognition Journal class
B. Recurring Journal class
C. Accounting class
D. Multiperiod class
Which is used to track a specific transaction attribute on subledger journal entries?
A. value set rules
B. lookup value rules
C. supporting references
D. account rules
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?
A. Add new transaction sources from the user interface.
B. Register another source system that includes these new transaction sources.
C. Tell them this cannot be implemented.
D. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
Which three are mandatory transaction source information?
A. Transaction Number
B. Transaction Line
C. Ledger Name
D. Transaction Date
E. Distribution Link
How do you enable diagnostics on subledger transaction sources?
A. enable diagnostic profile
B. enable diagnostic attribute
C. enable diagnostic source
D. enable transaction debug
What is the key attribute that is used to query journal entries of a registered source system?
A. Ledger Name
B. Transaction Date
C. Journal Source
D. Accounting Date
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
A. Conversion type and conversion date
B. Conversion type, conversion date and conversion rate
C. Conversion date and conversion rate
D. Conversion type
What is a user job role data context assignment?
A. Security privileges assignment to a user job role
B. Security data role context 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
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.What is the possible reason for NOT finding the rule?
A. The rule is built using a value set source.
B. The source does not return any value; therefore the rule is not displayed.
C. The rule is built using a line level source.
D. The rule is built using a custom source.
