1z0-1060-22 Exam Info and Free Practice Test All-in-One Exam Guide Apr-2024
Pass Oracle 1z0-1060-22 Actual Free Exam Q&As Updated Dump Apr 15, 2024
Oracle 1z0-1060-22 exam comprises of multiple-choice questions, which are designed to test the candidate's knowledge and understanding of Oracle Accounting Hub Cloud 2022 Implementation. 1z0-1060-22 exam covers various topics, including accounting setups, financial reporting, data integration, and accounting rules. 1z0-1060-22 exam is designed to assess the candidate's ability to configure and implement Oracle Accounting Hub Cloud 2022.
NEW QUESTION # 43
You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?
- A. The account override feature adjusts the original source transaction.
- B. The account override feature provides an audit trail by preserving the original subledger journal entry.
- C. The account override feature is only intended to correct subledger journals that have been posted.
- D. The account override feature allows users to record a reason for the adjustment.
Answer: B,D
NEW QUESTION # 44
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
- A. Conversion type
- B. Conversion date and conversion rate
- C. Conversion type and conversion date
- D. Conversion type, conversion date and conversion rate
Answer: B
NEW QUESTION # 45
'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. Reversal and Recognition
- C. Offsets and Recognition
- D. Deferral and Recognition
Answer: D
NEW QUESTION # 46
What is the maximum length for a name of a transaction type in the Source System Transaction worksheet?
- A. 20.
- B. 40.
- C. 25.
- D. 30.
Answer: D
NEW QUESTION # 47
Which four options are used to reconcile subledger journal entries?
- A. Run the Subledger Accounting Diagnostics report.
- B. Tag supporting references with journal entry lines.
- C. Run the Subledger Accounting Method Setups report.
- D. Assign a descriptive text and source on journal lines.
- E. Set up reconciliation using the reconciliation reference accounting attribute.
- F. Build a custom OTBI report.
Answer: B,D,E,F
NEW QUESTION # 48
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. Supporting reference with balance using Account Manager as a source.
- B. Description rule with Account Managers as a source.
- C. Supporting reference without balance using Account Manager as a source.
- D. Description rule with Revenue Amount as a source.
Answer: A
NEW QUESTION # 49
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Virtual Web Center Services
- B. Oracle Web Center Content Client Command line tool
- C. Oracle UCM Web Services
- D. ERP Integration Service
Answer: A
NEW QUESTION # 50
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounted amounts
- B. Supporting references
- C. Accounting class
- D. Accounting lines
Answer: D
NEW QUESTION # 51
Which is used to track a specific transaction attribute on subledger journal entries?
- A. supporting references
- B. lookup value rules
- C. account rules
- D. value set rules
Answer: A
NEW QUESTION # 52
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
- A. System Identifier
- B. Source System Identifier
- C. Attribute Identifier
- D. User Transaction Identifier
Answer: C
NEW QUESTION # 53
Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?
- A. Manage Accounting Attribute Assignments
- B. Manage Reporting Currencies
- C. Specify Ledger Options
- D. Manage Subledger Accounting Options
Answer: A
NEW QUESTION # 54
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Accounting Hub Maintenance
- C. Accounting Hub Integration
- D. Application Implementation Consultant
- E. Subledger Accounting Manager
Answer: A,C,D
NEW QUESTION # 55
'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. Recognition Journal class
- C. Accounting class
- D. Multiperiod class
Answer: D
NEW QUESTION # 56
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?
- A. define line description rule with condition
- B. define journal line rules with conditions
- C. define journal entry rule set with condition
- D. define user transaction line identifier
Answer: A
NEW QUESTION # 57
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. Assign a line classification or line type attribute.
- B. You do not need to do anything additional.
- C. Assign a custom formula.
- D. Assign an accounting attribute.
Answer: B
NEW QUESTION # 58
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Oracle 1z0-1060-22 exam, also known as the Oracle Accounting Hub Cloud 2022 Implementation Professional exam, is designed to test the knowledge and skills of professionals who want to implement and manage Oracle's accounting hub cloud solutions. 1z0-1060-22 exam is ideal for professionals who work in finance, accounting, and IT fields and want to enhance their expertise in Oracle's cloud-based accounting solutions.
Online Questions - Valid Practice 1z0-1060-22 Exam Dumps Test Questions: https://www.test4cram.com/1z0-1060-22_real-exam-dumps.html