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

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

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

3. 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) Constant
E) Existing Account Rule
F) Source

4. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic source
B) enable diagnostic profile
C) enable diagnostic attribute
D) enable transaction debug

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

Solutions: