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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. What attribute of a subledger journal entry is NOT transferred to GL?

A) Accounted amounts
B) Accounting class
C) Accounting lines
D) Supporting references

3. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

A) System Identifier
B) User Transaction Identifier
C) Source System Identifier
D) Attribute Identifier

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 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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

A) Set up a transaction line reversal.
B) Create an adjustment journal entry.
C) Set up multiperiod accounting journal lines.
D) Set up automatic Journal line reversal.

5. What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Buffer Unit Size
B) Virtual Machine Processing Size
C) Processing Unit Size
D) Accounting Unit Commit Size

Solutions: