Oracle Accounting Hub Cloud 2022 Implementation Professional - 1z0-1060-22 Exam Practice Test
Question 1
Which three worksheets are a part of the source system Registration Spreadsheet Template? Choose Three
Correct Answer: A,C,D
Question 2
Which tool enables developers to produce real-time information by creating analyses and reports by suing graphs, charts, and tables?
Correct Answer: C
Question 3
Which component of the Accounting Method is used to store additional source information about transactions and is also useful for reconciliation of accounting to source systems, as well as reporting?
Correct Answer: D
Question 4
What is "Opt-In," in the context of the Functional Setup Manager?
Correct Answer: A
Question 5
Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?
Correct Answer: A
Question 6
Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?
Correct Answer: B
Question 7
How do you enable diagnostics on subledger transaction sources?
Correct Answer: B
Question 8
While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?
Which two reasons can explain this?
Correct Answer: A,B
Question 9
Which duty role should be assigned to job role to import transaction data for accounting and posting in General Ledger?
Correct Answer: B
