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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What can you override in a completed subledger journal entry?

A) the account
B) the amounts
C) the descriptions
D) the supporting Information

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

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

3. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual 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 premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Accounting class
B) Recurring Journal class
C) Recognition Journal class
D) Multiperiod class

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

5. Which two actions can you accomplish for a registered source system?

A) Revise source Information through the user interface and add more sources.
B) Add new event classes through the user interface.
C) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
D) Modify the subledger application name as long as thereare no pending accounting entries.

Solutions: