Oracle 1Z0-1060-20 : Oracle Accounting Hub Cloud 2020 Implementation Essentials

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

A) Use a custom formula in a supporting reference to derive amounts.
B) Use a custom formula in a journal line rule to derive amounts.
C) Use a custom formula in a description rule to derive amounts.
D) Use a custom formula in an account rule to derive amounts.

2. 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 not balanced by entered amounts.
D) It is not balanced by balancing segment.

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) Amount
B) Line Type
C) Currency
D) Customer Number

4. What can you override in a completed subledger journal entry?

A) the descriptions
B) the account
C) the supporting Information
D) the amounts

5. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) YYYY-MM-DD
B) The user can customize the date format
C) DD-MON-YYYY
D) MM-DD-YYYY

Solutions: