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Oracle 1z0-1060-22 Exam Syllabus Topics:
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NEW QUESTION 50
What is a user job role data context assignment?
- A. Security data access context assignment to a user job role
- B. Duty role context assignment to a user
- C. Security privileges assignment to a user job role
- D. Security data role context assignment to a user job role
Answer: A
NEW QUESTION 51
Which four of the following are the mandatory parameters to search for a subledger journal on the Review Subledger Journals Page?
- A. Date
- B. Ledger
- C. Status
- D. Journal Source
- E. Event Type
- F. Transaction Number
Answer: A,B,C,D
NEW QUESTION 52
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
- A. Conversion date and conversion rate
- B. Conversion type, conversion date and conversion rate
- C. Conversiontype and conversion date
- D. Conversion type
Answer: B
NEW QUESTION 53
What is "Opt-In," in the context of the Functional Setup Manager?
- A. It is a step where you can select the offerings, functional areas, and features that best fit your business requirements
- B. It is a step where you enter the setup data necessary for your enabled offerings and functional areas
- C. It is a step where you move verified data into the production environment
- D. It is a step where you will identify the offerings that you want to implement
Answer: B
NEW QUESTION 54
Which two methods can you use to manage your setup data in the Functional Setup Manager?
- A. Functional Area-based
- B. Role-based
- C. Feature-based
- D. Implementation Project-based
Answer: A,D
NEW QUESTION 55
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Application Implementation Consultant
- B. Accounting Hub Maintenance
- C. Accounting Hub Administration
- D. Subledger Accounting Manager
- E. Accounting Hub Integration
Answer: A,D,E
NEW QUESTION 56
How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?
- A. Three
- B. One
- C. Unlimited
- D. Two
Answer: B
NEW QUESTION 57
Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
- A. Description rule with Revenue Amount as a source.
- B. Supporting reference without balance using Account Manager as a source.
- C. Supporting reference with balance using Account Manager as a source.
- D. Description rule with Account Managers as a source.
Answer: C
NEW QUESTION 58
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?
- A. Journal Entry Sequence
- B. Document Sequence
- C. Accounting Sequence
- D. Reporting Sequence
Answer: C
NEW QUESTION 59
Given the subledger journal entry:
Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?
- A. It is not balanced by entered currency.
- B. It appears correct.
- C. It is notbalanced by balancing segment.
- D. It is not balanced by entered amounts.
Answer: C
NEW QUESTION 60
What is NOT included in the minimum required accounting attribute assignments?
- A. Accounting Date
- B. Second Distribution Identifier
- C. First Distribution Identifier
- D. Distribution Type
Answer: B
NEW QUESTION 61
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?
- A. Source System Identifier
- B. Attribute Identifier
- C. System Identifier
- D. User Transaction Identifier
Answer: D
NEW QUESTION 62
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
- A. Use the Third Party Control Account feature.
- B. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
- C. Use the Open Account Balances Listing report that has balances by customer.
- D. Use Supporting References to capture customer classification information.
Answer: D
NEW QUESTION 63
Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?
- A. Calendar and currency.
- B. Chart of account and convention.
- C. Chart of account and calendar.
- D. Chart of account and currency.
Answer: C
NEW QUESTION 64
Given the business requirement in the 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 are the key transaction types mentioned in the use case?
- A. Purchase Trucks and Pay Out Trucks
- B. Pay Insurance and Control Truck Services
- C. Initiate Truck Rentals Contract and Pay Truck Maintenance
- D. Purchase Trucks and Deploy Trucks
Answer: C
NEW QUESTION 65
Which two statements are true about the Accounting Hub Cloud?
- A. It has a robust Accounting Engine which allows you to configure accounting rules
- B. It does not allow publishing output files to PeopleSoft General Ledgers
- C. It brings together disparate accounting systems into a centrally-accessible source of truth
- D. Integration of information into the Accounting Hub Cloud is restricted to a maximum of three source systems
Answer: A,C
NEW QUESTION 66
Which statement is true about accounting transformation?
- A. It is the process of converting transaction or activities from any source systems into journal entries.
- B. It is used to build approval rules for transaction recorded in third party source system.
- C. It allows recording of transaction directly in the registration third-party source system.
- D. It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.
Answer: A
NEW QUESTION 67
Which two actions can you accomplish for a registered source system?
- A. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
- B. Add new event classes through the user interface.
- C. Revise source Information through the user interface and add more sources.
- D. Modify the subledger application name as long as there are no pending accounting entries.
Answer: A,C
NEW QUESTION 68
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System and Line Information
- B. Source System and Transaction Information
- C. Source System
- D. Source System, Transaction Information, and Line Information
Answer: D
NEW QUESTION 69
Which two options allow validating input values on mapping sets?
- A. Segment values
- B. Lookup types
- C. Chart of accounts segment
- D. Value sets
Answer: B,D
NEW QUESTION 70
Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
- A. Journal Entry
- B. Journal Entry Rule Set
- C. Event Class
- D. Journal Line Rule
- E. Event Type
Answer: D
NEW QUESTION 71
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Accounting Attribute Assignments
- B. Specify Ledger Options
- C. Manage Reporting Currencies
- D. Manage Subledger Accounting Options
Answer: C
NEW QUESTION 72
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