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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 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.

2. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Recognition Journal class
B) Multiperiod class
C) Accounting class
D) Recurring Journal class

3. You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A) Run the Accounting Events Diagnostic Report.
B) Submit the Accounting Event Diagnostics process.
C) Set the "SLA: Diagnostics Enabled" profile option.
D) Run Create Accounting again to generate journal entries for the events that ended in error.

4. You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?

A) The account override feature provides an audit trail by preserving the original subledger journal entry.
B) The account override feature adjusts the original source transaction.
C) The account override feature is only intended to correct subledger journals that have been posted.
D) The account override feature allows users to record a reason for the adjustment.

5. Which three are mandatory transaction source information?

A) Distribution Link
B) Transaction Line
C) Ledger Name
D) Transaction Date
E) Transaction Number

Solutions: