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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Subledger Accounting Manager
B) Accounting Hub Administration
C) Accounting Hub Maintenance
D) Accounting Hub Integration
E) Application Implementation Consultant

2. 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) Duty role context assignment to a user
D) Security data access context assignment to a user job role

3. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Account Combination
B) Source
C) Value Set
D) Constant
E) Existing Account Rule
F) Mapping Set

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 andloss 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 do you set up an account rule that is based on leased and owned trucks?

A) Set up an account source in the source system file and derive the value.
B) Set up a mapping set rule.
C) Set up a lookup value.
D) Set up a value set rule.

5. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A) Event Class
B) Journal Line Rule
C) Event Type
D) Journal Entry Rule Set
E) Journal Entry

Solutions: