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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 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 do you calculate discounts for use in the accounting rule?

A) Use custom formulas
B) Use mapping set rules
C) Use flexfield
D) Use analytical calculations

2. 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) Mapping sets
C) Event entities
D) Transaction objects

3. Which transaction source is used to link transaction header and line information?

A) Transaction Type
B) Transaction Date
C) Transaction Key
D) Transaction Number

4. What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

A) Use a web service tool.
B) Use Oracle ERP Integration tool.
C) Use PaaS tools, for example, ICS - to perform ETL tasks.
D) Use Oracle OTBI tool.

5. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) The user can customize the date format
B) YYYY-MM-DD
C) DD-MON-YYYY
D) MM-DD-YYYY

Solutions: