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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. In the process of analyzing data from a source system you find that there are no reliable amounts that canbe used to build a subledger journal entry.
How can you resolve this challenge?

A) Use a custom formula in a description rule to derive amounts.
B) Use a custom formula in a journal line rule to derive amounts.
C) Use a custom formula in a supporting reference to derive amounts.
D) Use a custom formula in an account rule to derive amounts.

2. 'Insurances for Homes' company provide home insuranceservice. 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 premiumIs 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) Offsets and Recognition
B) Deferral and Recognition
C) Multiperiod and Recognition
D) Reversal and Recognition

3. What is the key attribute that is used to query journalentries of a registered source system?

A) Transaction Date
B) Journal Source
C) Ledger Name
D) Accounting Date

4. You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?

A) The account override feature allows users to record a reason for the adjustment.
B) The account override feature is only intended to correct subledger journals that have been posted.
C) The account override feature provides an audit trail by preserving the original subledger journal entry.
D) The account override feature adjusts the original source transaction.

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

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

Solutions: