Pass 1z0-1060-22 Exam Latest Practice Questions Updated on Jan 30, 2023

Oracle 1z0-1060-22 Study Guide Archives 

Oracle 1z0-1060-22 Exam Syllabus Topics:

NEW QUESTION 46
What is the key attribute that is used to query journal entries of a registered source system?

• A. Transaction Date
• B. Journal Source
• C. Accounting Date
• D. Ledger Name

Answer: B

NEW QUESTION 47
What attribute of a subledger journal entry is NOT transferred to GL?

• A. Accounting class
• B. Accounting lines
• C. Accounted amounts
• D. Supporting references

Answer: B

NEW QUESTION 48
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

• A. Conversiontype and conversion date
• B. Conversion date and conversion rate
• C. Conversion type
• D. Conversion type, conversion date and conversion rate

Answer: D

NEW QUESTION 49
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 user transaction line identifier
• D. define journal line rules with conditions

Answer: B

NEW QUESTION 50
Which function of Smart View create multiple reports from dimension values by using same grid structure?

• A. Zooming in and out.
• B. Drill-through.
• C. Pivoting.
• D. Cascading.

Answer: D

NEW QUESTION 51
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. Summarize by GL Period
• B. Group by GL Date
• C. Transfer in Details
• D. Summarize by GL Date

Answer: B

NEW QUESTION 52
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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

• A. Set up a transaction line reversal.
• B. Set up automatic Journal line reversal.
• C. Set up multiperiod accounting journal lines.
• D. Create an adjustment journal entry.

Answer: C

NEW QUESTION 53
What is NOT included in the minimum required accounting attribute assignments?

• A. Accounting Date
• B. Second Distribution Identifier
• C. Distribution Type
• D. First Distribution Identifier

Answer: B

NEW QUESTION 54
Which two can you use to view supporting reference balances?

• A. Use the Supporting Reference Balance Inquiry page.
• B. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
• C. Submit the standard Supporting Reference Balances Report.
• D. Use Business Intelligence Publisher to build a custom report.

Answer: A,B

NEW QUESTION 55
What attribute of a subledger journal entry is NOT transferred to GL?

• A. Accounting class
• B. Accounting lines
• C. Accounted amounts
• D. Supporting references

Answer: D

NEW QUESTION 56
Which three are mandatory transaction source information?

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

Answer: A,B,C

NEW QUESTION 57
Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

• A. It is notbalanced by balancing segment.
• B. It appears correct.
• C. It is not balanced by entered currency.
• D. It is not balanced by entered amounts.

Answer: A

NEW QUESTION 58
What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

• A. Source objects
• B. Transaction objects
• C. Mapping sets
• D. Event entities

Answer: B

NEW QUESTION 59
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

• A. Use a custom formula in a supporting reference to derive amounts.
• B. Use a custom formula in a description rule to derive amounts.
• C. Use a custom formula in a journal line rule to derive amounts.
• D. Use a custom formula in an account rule to derive amounts.

Answer: C

NEW QUESTION 60
Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

• A. Attribute Identifier
• B. Source System Identifier
• C. System Identifier
• D. User Transaction Identifier

Answer: A

NEW QUESTION 61
Which three duty roles are required to perform Accounting Hub setup tasks?

• A. Accounting Hub Administration
• B. Subledger Accounting Manager
• C. Accounting Hub Integration
• D. Application Implementation Consultant
• E. Accounting Hub Maintenance

Answer: B,C,D

NEW QUESTION 62
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