Oracle Accounting Hub Cloud 2021 Implementation Essentials - 1Z0-1060-21

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Virtual Machine Processing Size
B) Accounting Unit Commit Size
C) Buffer Unit Size
D) Processing Unit Size

2. 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) Register another source system that includes these new transaction sources.
B) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
C) Tell them thiscannot be implemented.
D) Add new transaction sources from the user interface.

3. 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) Group by GL Date
C) Summarize by GL Date
D) Transfer in Details

4. 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 thirdparties 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 legal entity rule
C) Enable balancing rules
D) Enable intercompany balancing option

5. Which three are mandatory transaction source information?

A) Transaction Line
B) Transaction Date
C) Transaction Number
D) Distribution Link
E) Ledger Name

Solutions: