Oracle Oracle Financials Cloud 1Z0-1060-21

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

Question 2

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

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

Question 3

What is a user job role data context assignment?

A. Security data access context assignment to a user job role
B. Security privileges assignment to a user job role
C. Duty role context assignment to a user
D. Security data role context assignment to auser job role

Question 4

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

Question 5

While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A. The account rule does not return any valid account value.
B. The account rule is defined with a different chart of accounts from the journal entry rule set.
C. The account rule is defined with conditions that are not allowing the assignment.
D. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.

Solutions: