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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. '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 ofindividual 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

2. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Buffer Unit Size
B) Virtual Machine Processing Size
C) Accounting Unit Commit Size
D) Processing Unit Size

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

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

4. What is the key attribute that is used to query journalentries of a registered source system?

A) Journal Source
B) Transaction Date
C) Ledger Name
D) Accounting Date

5. 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 accountingrules to be shared?

A) One subledger for each source system.
B) One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
C) One subledger for all 4 source systems.
D) One subledger for the 3 Loan systems and one subledger for Insurance.

Solutions: