Get 1z0-1060-22 Actual Free Exam Q&As to Prepare for Your Oracle Certification
Oracle Actual Free Exam Questions And Answers
Oracle 1z0-1060-22 Exam Syllabus Topics:
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NEW QUESTION 12
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. provide real-time visibility to financial reports in FAH Reporting Cloud Service
- B. transfer Balances to FAH Reporting Cloud Service
- C. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- D. upload transaction data into FAH Reporting Cloud Service
Answer: C
NEW QUESTION 13
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 the Third Party Control Account feature.
- B. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
- C. Use Supporting References to capture customer classification information.
- D. Use the Open Account Balances Listing report that has balances by customer.
Answer: C
NEW QUESTION 14
Which three worksheets are a part of the source system Registration Spreadsheet Template? Choose Three
- A. Accounting Method Information
- B. Source System
- C. Transaction Information
- D. Metadata Information
- E. Line Information
Answer: B,C,E
NEW QUESTION 15
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 source does not return any value; therefore the rule is not displayed.
- B. The rule is built using a value set source.
- C. The rule is built using a line level source.
- D. The rule is built using a custom source.
Answer: C
NEW QUESTION 16
Which statement is true about accounting transformation?
- A. It is used to build approval rules for transaction recorded in third party source system.
- B. It allows recording of transaction directly in the registration third-party source system.
- C. It is the process of converting transaction or activities from any source systems into journal entries.
- D. It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.
Answer: C
NEW QUESTION 17
Which role must the user have to import accounting transaction data?
- A. Accounting Hub Integration Duty role
- B. Subledger Accounting Duty role
- C. Subledger Accounting Reporting Duty role
- D. Accounting Hub Administration Duty role
Answer: A
NEW QUESTION 18
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. Pay Insurance and Control Truck Services
- B. Purchase Trucks and Deploy Trucks
- C. Purchase Trucks and Pay Out Trucks
- D. Initiate Truck Rentals Contract and Pay Truck Maintenance
Answer: D
NEW QUESTION 19
Which tool enables developers to produce real-time information by creating analyses and reports by suing graphs, charts, and tables?
- A. BI Publisher.
- B. BI Answers.
- C. BI Composer.
- D. Financial Reporting Studio.
Answer: B
NEW QUESTION 20
What three are the required elements of an accounting method?
- A. Account rules.
- B. Journal line rules.
- C. Supporting reference.
- D. Description rules.
- E. Journal entry rule sets.
Answer: A,B,E
NEW QUESTION 21
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. Update Subledger Accounting Options
- B. Manage Configuration Packages
- C. Create Subledger Application Setups in the Spreadsheet
- D. Manage Subledger Application
Answer: C
NEW QUESTION 22
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?
- A. define line description rule with condition
- B. define user transaction line identifier
- C. define journal line rules with conditions
- D. define journal entry rule set with condition
Answer: A
NEW QUESTION 23
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journal line?
- A. Assign a line classification or line type attribute.
- B. You do not need to do anything additional.
- C. Assign a custom formula.
- D. Assign an accounting attribute.
Answer: A
NEW QUESTION 24
What is the required date format used to import accounting transactions to Accounting Hub Cloud?
- A. YYYY-MM-DD
- B. The user can customize the date format
- C. MM-DD-YYYY
- D. DD-MON-YYYY
Answer: A
NEW QUESTION 25
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?
- A. Summarize by GL Period
- B. Transfer in Details
- C. Summarize by GL Date
- D. Group by GL Date
Answer: C
NEW QUESTION 26
What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?
- A. Processing Unit Size
- B. Accounting Unit Commit Size
- C. Buffer Unit Size
- D. Virtual Machine Processing Size
Answer: A
NEW QUESTION 27
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?
- A. Use a custom formula in a description rule to derive amounts.
- B. Use a custom formula in a supporting reference to derive amounts.
- C. Use a custom formula in a journal line rule to derive amounts.
- D. Use a custom formula in an account rule to derive amounts.
Answer: C
NEW QUESTION 28
Which three are mandatory transaction source information?
- A. Transaction Date
- B. Ledger Name
- C. Distribution Link
- D. Transaction Line
- E. Transaction Number
Answer: A,B,E
NEW QUESTION 29
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. Summarize by GL Period
- B. Transfer in Details
- C. Group by GL Date
- D. Summarize by GL Date
Answer: C
NEW QUESTION 30
Which is used to track a specific transaction attribute on subledger journal entries?
- A. account rules
- B. supporting references
- C. lookup value rules
- D. value set rules
Answer: B
NEW QUESTION 31
'Insurances for Homes' company provide home insuranceservice. 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 premiumIs 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. Deferral and Recognition
- C. Reversal and Recognition
- D. Multiperiod and Recognition
Answer: D
NEW QUESTION 32
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