Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep in their source system. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
A. Event typesThe company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?
A. Deferral and RecognitionWhich is an alternate way to implement a mapping set rule?
A. Define a chart of account rule with conditionsYour client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants to retrieve the segment values for the debit and credit side of
journal entries based on different criteria.
You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as an input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which TWO options allow the validation of input values on mapping sets?
A. Chart of accounts segmentYour customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They decide to implement Accounting Hub to import their transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask for your suggestion about the sharing of accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
A. Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.You have recently created an analysis to review periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis. Which two drill-through options are available for use?
A. Drill to Detail BalancesYour client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?
A. Thirty supporting references with balances have already been defined, so a new supporting reference cannot be addedYour client deals in Banking, Insurance, and Stock Trading. They have separate transaction systems to process their transactions. You have been appointed as a consultant to implement Accounting Hub Cloud to streamline and standardize the accounting process for each of the source systems.
The client wants to generate the following accounting entries:
1. Banking-related transactions on a daily basis
2. Stock trading transactions on alternate days
3. Insurance transactions on a weekly basis
Considering the nature of business, frequency of generating accounting entries, and the load on the system, how many source systems would you suggest?
A. FourWhich two options can you use to reconcile subledger journal entries with the source system?
A. Create and submit the Oracle Transactional BI Report to review supporting reference balances.Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
A. Define a chart of accounts rule with conditionsNowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only Oracle exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your 1Z0-1060-24 exam preparations and Oracle certification application, do not hesitate to visit our Vcedump.com to find your solutions here.