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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?

A) Three
B) Two
C) Unlimited
D) One

2. What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Source objects
B) Transaction objects
C) Mapping sets
D) Event entities

3. '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) Multiperiod and Recognition
C) Deferral and Recognition
D) Reversal and Recognition

4. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

A) Accounting Hub Create and Post Journal Entry Duty Role
B) Accounting Hub Import Duty Role
C) Accounting Hub Create Accounting Duty Role
D) Accounting HubIntegration Duty Role

5. 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) an Oracle Financial Reporting Studio report
C) an Oracle Transactional Business Intelligence analysis
D) a Smart View Report

Solutions: