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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value thatmaps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Activate the journal entry rule set.
B) Activate the accounting method.
C) There is no required action. The mapping addition is complete.
D) Download a new transaction data template.

2. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A) Source System and Line Information
B) Source System and Transaction Information
C) Source System, Transaction Information, and Line Information
D) Source System

3. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?

A) Transfer in Details
B) Group by GL Date
C) Summarize by GL Period
D) Summarize by GL Date

4. 'Insurances for Homes' company provide home insuranceservice. 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 premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Offsets and Recognition
B) Reversal and Recognition
C) Deferral and Recognition
D) Multiperiod and Recognition

5. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A) Journal Line Rule
B) Event Type
C) Journal Entry
D) Event Class
E) Journal Entry Rule Set

Solutions: