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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. You need to build a complex account rule. Which four value types you use in yourdefinition?

A) Value Set
B) Account Combination
C) Mapping Set
D) Existing Account Rule
E) Source
F) Constant

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

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

3. 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.
What would the typical line information be?

A) Transaction Date
B) Company
C) Customer Number
D) Truck Type

4. Which three are mandatory transaction source information?

A) Transaction Date
B) Distribution Link
C) Transaction Number
D) Ledger Name
E) Transaction Line

5. In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

A) Use a custom formula in an account rule to derive amounts.
B) Use a custom formula in a journal line rule to derive amounts.
C) Use a custom formula in a description rule to derive amounts.
D) Use a custom formula in a supporting reference to derive amounts.

Solutions: