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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

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

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

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

4. What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Transaction objects
B) Source objects
C) Mapping sets
D) Event entities

5. Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes insurance payments received from customers. The end result of the process consists of a listing of individual 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?

A) Assign a line classification or line type attribute.
B) You do not need to do anything additional.
C) Assign an accounting attribute.
D) Assign a custom formula.

Solutions: