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 the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

A) Use PaaS tools, for example, ICS - to perform ETL tasks.
B) Use Oracle OTBI tool.
C) Use Oracle ERP Integration tool.
D) Use a web service tool.

2. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A) Source System and Transaction Information
B) Source System
C) Source System, Transaction Information, and Line Information
D) Source System and Line Information

3. 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 wil the typical transaction information be at the header level?

A) LineType
B) Customer Number
C) Amount
D) Currency

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

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

5. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Accounting Sequence
B) Reporting Sequence
C) Document Sequence
D) Journal Entry Sequence

Solutions: