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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 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 wil the typical transaction information be at the header level?

A) Currency
B) LineType
C) Amount
D) Customer Number

2. 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

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

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

4. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A) an Oracle Transactional Business Intelligence analysis
B) a predefined Oracle Business Intelligence Publisher report
C) an Oracle Financial Reporting Studio report
D) a Smart View Report

5. 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.

Solutions: