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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?

A) One subledger for each source system.
B) One subledger for all 4 source systems.
C) One subledger for the 3 Loan systems and one subledger for Insurance.
D) One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.

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

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

4. Which two options allow validating input values on mapping sets?

A) Chart of accounts segment
B) Lookup types
C) Value sets
D) Segment values

5. 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) Event Class
B) Journal Entry
C) Journal Line Rule
D) Journal Entry Rule Set
E) Event Type

Solutions: