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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

A) It is not balanced by balancing segment.
B) It appears correct.
C) It is not balanced by entered currency.
D) It is not balanced by entered amounts.

2. Given the business 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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

A) One primary, one secondary ledger
B) One primary, one repotting currency ledger
C) One primary ledger
D) Two primary ledgers

3. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Administration
B) Accounting Hub Integration
C) Subledger Accounting Manager
D) Application Implementation Consultant
E) Accounting Hub Maintenance

4. 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 all 4 source systems.
B) One subledger for each source system.
C) One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
D) One subledger for the 3 Loan systems and one subledger for Insurance.

5. A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?

A) Build a new data warehouse solution.
B) Run predefined reports and filter the report with the available report parameters.
C) Request support team to download subledger Journal entry data.
D) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.

Solutions: