Oracle Accounting Hub Cloud 2021 Implementation Essentials - 1Z0-1060-21

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A) Source System, Transaction Information, and Line Information
B) Source System
C) Source System and Line Information
D) Source System and Transaction Information

2. 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 classificationinformation.
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 Open Account Balances Listing report that has balances by customer.
B) Use Supporting References to capture customer classification information.
C) Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
D) Use the Third Party Control Account feature.

3. 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 Journalline?

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

4. Which two actions can you accomplish for a registered source system?

A) Revise source Information through the user interface and add more sources.
B) Modify the subledger application name as long as thereare no pending accounting entries.
C) Add new event classes through the user interface.
D) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.

5. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The source does not return any value; therefore the rule is not displayed.
B) The rule is built using a value set source.
C) The rule is built using a line level source.
D) The rule is built using a custom source.

Solutions: