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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. Which two options allow validating input values on mapping sets?

A) Value sets
B) Segment values
C) Chart of accounts segment
D) Lookup types

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

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

4. 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 thirdparties 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable legal entity rule
B) Enable chart of accounts rule
C) Enable balancing rules
D) Enable intercompany balancing option

5. 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) Summarize by GL Period
C) Summarize by GL Date
D) Group by GL Date

Solutions: