Oracle Accounting Hub Cloud 2020 Implementation Essentials: 1Z0-1060-20 Exam Premium File as PDF & Test Engine

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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

2. Which two options allow validating input values on mapping sets?

A) Chart of accounts segment
B) Segment values
C) Lookup types
D) Value sets

3. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) MM-DD-YYYY
B) The user can customize the date format
C) DD-MON-YYYY
D) YYYY-MM-DD

4. What is the key attribute that is used to query journal entries of a registered source system?

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

5. What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

A) Use Oracle ERP Integration tool.
B) Use a web service tool.
C) Use PaaS tools, for example, ICS - to perform ETL tasks.
D) Use Oracle OTBI tool.

Solutions: