1z0-1060-22 Certification - The Ultimate Guide [Updated 2023]
1z0-1060-22 Practice Exam and Study Guides - Verified By DumpsValid
NEW QUESTION 37
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?
- A. One subledger for each source system.
- B. One subledger for the 3 Loan systems and one subledger for Insurance.
- C. One subledger for all 4 source systems.
- D. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
Answer: A,B
NEW QUESTION 38
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?
- A. a predefined Oracle Business Intelligence Publisher report
- B. a Smart View Report
- C. an Oracle Transactional Business Intelligence analysis
- D. an Oracle Financial Reporting Studio report
Answer: C
NEW QUESTION 39
'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.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.
- A. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
- B. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date" "Effective Date") + 1)
- C. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- D. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
Answer: C
NEW QUESTION 40
Which four components are related to the Accounting Hub?
- A. Financial Reporting
- B. Accounting Transformations
- C. Sub Ledgers
- D. Outbound Integration
- E. General Ledger
Answer: A,B,C,E
NEW QUESTION 41
Which two components are used by the Approvals Workflow in Oracle Cloud Applications?
- A. SOA Suite
- B. Calculation Manager
- C. BPM Worklist
- D. OTBI
Answer: A,C
NEW QUESTION 42
Which role combines the functional privilege for an individual task or duty with the relevant data security policies?
- A. Abstract Roles
- B. Duty Role
- C. Aggregate Privilege
- D. Data Role
Answer: C
NEW QUESTION 43
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. You do not need to do anything additional.
- B. Assign a custom formula.
- C. Assign an accounting attribute.
- D. Assign a line classification or line type attribute.
Answer: A
NEW QUESTION 44
Which three are mandatory transaction source information?
- A. Ledger Name
- B. Transaction Line
- C. Transaction Number
- D. Transaction Date
- E. Distribution Link
Answer: A,C,D
NEW QUESTION 45
Which role must the user have to import accounting transaction data?
- A. Subledger Accounting Duty role
- B. Accounting Hub Administration Duty role
- C. Subledger Accounting Reporting Duty role
- D. Accounting Hub Integration Duty role
Answer: D
NEW QUESTION 46
You need to build a complex account rule. Which four value types can you use in your definition?
- A. Mapping Set
- B. Account Combination
- C. Constant
- D. Existing Account Rule
- E. Source
- F. Value Set
Answer: A,C,D,E
NEW QUESTION 47
Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
- A. Description rule with Revenue Amount as a source.
- B. Description rule with Account Managers as a source.
- C. Supporting reference without balance using Account Manager as a source.
- D. Supporting reference with balance using Account Manager as a source.
Answer: D
NEW QUESTION 48
Which role provides full access to perform all Functional Setup Manager-related activities?
- A. IT Security Manager
- B. Accounting Hub Integration
- C. Application Implementation Consultant
- D. Application Implementation Manager
Answer: C
NEW QUESTION 49
Which two actions can you accomplish for a registered source system?
- A. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
- B. Add new event classes through the user interface.
- C. Modify the subledger application name as long as there are no pending accounting entries.
- D. Revise source Information through the user interface and add more sources.
Answer: A,D
NEW QUESTION 50
The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
- A. Add this as a new transaction typo into existing subledger registration spreadsheet template.
- B. Change the transaction data file.
- C. Register it as a new source system.
- D. Add this as a new transaction type into existing registered subledger from the user interface.
Answer: C,D
NEW QUESTION 51
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?
- A. Add new transaction sources from the user interface.
- B. Tell them this cannot be implemented.
- C. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
- D. Register another source system that includes these new transaction sources.
Answer: A
NEW QUESTION 52
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Accounting Attribute Assignments
- B. Specify Ledger Options
- C. Manage Reporting Currencies
- D. Manage Subledger Accounting Options
Answer: C
NEW QUESTION 53
'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. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Multiperiod and Recognition
- B. Offsets and Recognition
- C. Deferral and Recognition
- D. Reversal and Recognition
Answer: C
NEW QUESTION 54
What can you override in a completed subledger journal entry?
- A. the account
- B. the descriptions
- C. the supporting Information
- D. the amounts
Answer: A
NEW QUESTION 55
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
- A. One subledger for the 3 Loan systems and one subledger for Insurance.
- B. One subledger for each source system.
- C. One subledger for all 4 source systems.
- D. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
Answer: A,C
NEW QUESTION 56
......
Oracle 1z0-1060-22 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
Ultimate Guide to the 1z0-1060-22 - Latest Edition Available Now: https://examcollection.dumpsvalid.com/1z0-1060-22-brain-dumps.html