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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

A) Tell them thiscannot be implemented.
B) Register another source system that includes these new transaction sources.
C) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
D) Add new transaction sources from the user interface.

2. You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A) Set the "SLA: Diagnostics Enabled" profile option.
B) Run the Accounting Events DiagnosticReport.
C) Run Create Accounting again to generate journal entries for the events that ended in error.
D) Submit the Accounting Event Diagnostics process.

3. '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) Multiperiod and Recognition
B) Deferral and Recognition
C) Offsets and Recognition
D) Reversal and Recognition

4. Which is an alternate way to implement a mappingset rule?

A) Define a flexfield rule with conditions.
B) Define a lookup type rule with conditions.
C) Define an account rule with conditions.
D) Define a chart of account rule with conditions.

5. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Journal Entry Sequence
B) Reporting Sequence
C) Document Sequence
D) Accounting Sequence

Solutions: