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

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 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 andloss 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.
How do you set up an account rule that is based on leased and owned trucks?

A) Set up a mapping set rule.
B) Set up an account source in the source system file and derive the value.
C) Set up a value set rule.
D) Set up a lookup value.

2. Which transaction source is used to link transaction header and line information?

A) Transaction Key
B) Transaction Date
C) Transaction Type
D) Transaction Number

3. 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

4. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Source
B) Constant
C) Existing Account Rule
D) Mapping Set
E) Account Combination
F) Value Set

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

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

Solutions: