1z0-1060-22 Dumps with Practice Exam Questions Answers
1z0-1060-22 by Oracle Financials Cloud Actual Free Exam Practice Test
NEW QUESTION 15
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?
- A. Add new transaction sources from the user interface.
- B. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
- C. Register another source system that includes these new transaction sources.
- D. Tell them this cannot be implemented.
Answer: A
NEW QUESTION 16
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. provide real-time visibility to financial reports in FAH Reporting Cloud Service
- B. upload transaction data into FAH Reporting Cloud Service
- C. transfer Balances to FAH Reporting Cloud Service
- D. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
Answer: D
NEW QUESTION 17
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
- A. Conversion type, conversion date and conversion rate
- B. Conversion date and conversion rate
- C. Conversion type
- D. Conversion type and conversion date
Answer: B
NEW QUESTION 18
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.
How do you calculate discounts for use in the accounting rule?
- A. Use custom formulas
- B. Use analytical calculations
- C. Use flexfield
- D. Use mapping set rules
Answer: A
NEW QUESTION 19
What is the maximum length for a name of a transaction type in the Source System Transaction worksheet?
- A. 30.
- B. 20.
- C. 25.
- D. 40.
Answer: A
NEW QUESTION 20
Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
- A. Supporting reference without balance using Account Manager as a source.
- B. Description rule with Account Managers as a source.
- C. Supporting reference with balance using Account Manager as a source.
- D. Description rule with Revenue Amount as a source.
Answer: C
NEW QUESTION 21
Which is used to track a specific transaction attribute on subledger journal entries?
- A. account rules
- B. value set rules
- C. supporting references
- D. lookup value rules
Answer: C
NEW QUESTION 22
How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?
- A. One
- B. Three
- C. Unlimited
- D. Two
Answer: B
NEW QUESTION 23
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?
- A. define journal entry rule set with condition
- B. define line description rule with condition
- C. define journal line rules with conditions
- D. define user transaction line identifier
Answer: B
NEW QUESTION 24
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. provide real-time visibility to financial reports inFAH Reporting Cloud Service
- B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- C. upload transaction data into FAH Reporting Cloud Service
- D. transfer Balances to FAH Reporting Cloud Service
Answer: C
NEW QUESTION 25
Which role provides full access to perform all Functional Setup Manager-related activities?
- A. Application Implementation Manager
- B. Accounting Hub Integration
- C. IT Security Manager
- D. Application Implementation Consultant
Answer: D
NEW QUESTION 26
Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?
- A. Create a 30 account combination rule with a condition of expense type.
- B. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
- C. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- D. Create two journal line rules with a condition of supplier type.
Answer: B
NEW QUESTION 27
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
- A. Assign it to an account rule.
- B. Assign it to a transaction type.
- C. Assign it to an accounting method.
- D. Assign it to an accounting attribute.
Answer: D
NEW QUESTION 28
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 accounting rules to be shared?
- A. One subledger for the 3 Loan systems and one subledger for Insurance.
- B. One subledger for each source system.
- C. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
- D. One subledger for all 4 source systems.
Answer: A,D
NEW QUESTION 29
Which two options allow validating input values on mapping sets?
- A. Segment values
- B. Chart of accounts segment
- C. Value sets
- D. Lookup types
Answer: C,D
NEW QUESTION 30
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Build an OTBI analysis that includes a relevant subject area.
- B. Use either Account Monitor or Account Inspector to get required Information.
- C. Create a Smart View report using the query designer feature.
- D. Build a Financial Reporting Studio report that includes all dimensions.
Answer: A
NEW QUESTION 31
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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?
- A. One primary, one secondary ledger
- B. Two primary ledgers
- C. One primary, one repotting currency ledger
- D. One primary ledger
Answer: D
NEW QUESTION 32
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Subledger Accounting Manager
- B. Accounting Hub Administration
- C. Accounting Hub Integration
- D. Accounting Hub Maintenance
- E. Application Implementation Consultant
Answer: B,C,E
NEW QUESTION 33
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
- A. Group by GL Date
- B. Summarize by GL Date
- C. Transfer in Details
- D. Summarize by GL Period
Answer: A
NEW QUESTION 34
What is the key attribute that is used to query journal entries of a registered source system?
- A. Accounting Date
- B. Transaction Date
- C. Ledger Name
- D. Journal Source
Answer: D
NEW QUESTION 35
Which three are mandatory transaction source information?
- A. Ledger Name
- B. Distribution Link
- C. Transaction Number
- D. Transaction Date
- E. Transaction Line
Answer: A,D,E
NEW QUESTION 36
What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?
- A. Source objects
- B. Mapping sets
- C. Event entities
- D. Transaction objects
Answer: C
NEW QUESTION 37
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System and Line Information
- B. Source System, Transaction Information, and Line Information
- C. Source System
- D. Source System and Transaction Information
Answer: B
NEW QUESTION 38
Which two components are used by the Approvals Workflow in Oracle Cloud Applications?
- A. SOA Suite
- B. BPM Worklist
- C. OTBI
- D. Calculation Manager
Answer: A,B
NEW QUESTION 39
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