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

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What is NOT included in the minimum required accountingattribute assignments?

A) Distribution Type
B) First Distribution Identifier
C) Accounting Date
D) Second Distribution Identifier

2. '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) Multiperiod and Recognition
B) Reversal and Recognition
C) Deferral and Recognition
D) Offsets and Recognition

3. Which two can you use to view supporting reference balances?

A) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
B) Use the Supporting Reference Balance Inquiry page.
C) Use Business Intelligence Publisher to build a custom report.
D) Submit the standard Supporting Reference Balances Report.

4. 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 auser job role
C) Security data access context assignment to a user job role
D) Duty role context assignment to a user

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

Solutions: