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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?

A) define journal entry rule set with condition
B) define user transaction lineidentifier
C) define journal line rules with conditions
D) define line description rule with condition

2. '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) Multiperiod class
B) Recognition Journal class
C) Accounting class
D) Recurring Journal class

3. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversion type, conversion date and conversion rate
B) Conversion date and conversion rate
C) Conversion type
D) Conversiontype and conversion date

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

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

5. What is a user job role data context assignment?

A) Security data role context assignment to auser job role
B) Security privileges assignment to a user job role
C) Security data access context assignment to a user job role
D) Duty role context assignment to a user

Solutions: