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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Given the business requirement in the 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 and loss 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.
What are the key transaction types mentioned in the use case?

A) Initiate Truck Rentals Contract and Pay Truck Maintenance
B) Purchase Trucks and Deploy Trucks
C) Pay Insurance and Control Truck Services
D) Purchase Trucks and Pay Out Trucks

2. Which four options are used to reconcile subledger journal entries?

A) Run the Subledger Accounting Diagnostics report.
B) Set up reconciliation using the reconciliation reference accounting attribute.
C) Assign a descriptive text and source on journal lines.
D) Build a custom OTBI report.
E) Run the Subledger Accounting Method Setups report.
F) Tag supporting references with journal entry lines.

3. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The rule is built using a line level source.
B) The rule is built using a custom source.
C) The source does not return any value; therefore the rule is not displayed.
D) The rule is built using a value set source.

4. What are all the tabs that are available to be completed in the Register Source System spreadsheet?

A) Source System
B) Source System and Line Information
C) Source System, Transaction Information, and Line Information
D) Source System and Transaction Information

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

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

Solutions: