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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance 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 manyledgers are required to be set up?

A) Two primary ledgers
B) One primary, one repotting currency ledger
C) One primary, one secondary ledger
D) One primary ledger

3. What can you override in a completed subledger journal entry?

A) the supporting Information
B) the descriptions
C) the amounts
D) the account

4. 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) 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

5. Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?

A) Manage Reporting Currencies
B) Specify Ledger Options
C) Manage Accounting Attribute Assignments
D) Manage Subledger Accounting Options

Solutions: