Oracle 1Z0-1060-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1060-22 Online Questions & Answers

• Question 1:

  What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

  A. Use Oracle ERP Integration tool.
  B. Use PaaS tools, for example, ICS - to perform ETL tasks.
  C. Use Oracle OTBI tool.
  D. Use a web service tool.
  B. Use PaaS tools, for example, ICS - to perform ETL tasks.

• Question 2:

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

• Question 3:

  What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

  A. Accounting Hub Create Accounting Duty Role
  B. Accounting Hub Import Duty Role
  C. Accounting Hub Integration Duty Role
  D. Accounting Hub Create and Post Journal Entry Duty Role
  C. Accounting Hub Integration Duty Role

• Question 4:

  A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.

  What is the solution to implement this requirement quickly?

  A. Build a new data warehouse solution.
  B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
  C. Request support team to download subledger Journal entry data.
  D. Run predefined reports and filter the report with the available report parameters.
  B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.

• Question 5:

  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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

  A. Enable intercompany balancing option
  B. Enable balancing rules
  C. Enable legal entity rule
  D. Enable chart of accounts rule
  A. Enable intercompany balancing option

• Question 6:

  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
  D. Source System, Transaction Information, and Line Information

• Question 7:

  What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

  A. Virtual Machine Processing Size
  B. Accounting Unit Commit Size
  C. Buffer Unit Size
  D. Processing Unit Size
  D. Processing Unit Size

• Question 8:

  Given the business use case:

  'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.

  The line information may contain more than one line for the same header.

  When uploading transactions, which is a way to differentiate each Journal line?

  A. Assign a custom formula.
  B. Assign an accounting attribute.
  C. You do not need to do anything additional.
  D. Assign a line classification or line type attribute.
  D. Assign a line classification or line type attribute.

• Question 9:

  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. Pay Insurance and Control Truck Services
  B. Initiate Truck Rentals Contract and Pay Truck Maintenance
  C. Purchase Trucks and Deploy Trucks
  D. Purchase Trucks and Pay Out Trucks
  B. Initiate Truck Rentals Contract and Pay Truck Maintenance

• Question 10:

  What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

  A. Reporting Sequence
  B. Accounting Sequence
  C. Journal Entry Sequence
  D. Document Sequence
  B. Accounting Sequence