1Z0-1060-21 by Oracle Actual Free Exam Questions And Answers

Question 1

Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?

A. Attribute Identifier

B. User Transaction Identifier

C. System Identifier

D. Source System Identifier

Discussion 0

Correct Answer: A Vote an answer

Question 2

What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A. Source System, Transaction Information, and Line Information

B. Source System and Transaction Information

C. Source System

D. Source System and Line Information

Discussion 0

Correct Answer: A Vote an answer

Question 3

What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A. Accounting Sequence

B. Document Sequence

C. Reporting Sequence

D. Journal Entry Sequence

Discussion 0

Correct Answer: A Vote an answer

Question 4

What is a user job role data context assignment?

A. Security data access context assignment to a user job role

B. Security data role context assignment to auser job role

C. Duty role context assignment to a user

D. Security privileges assignment to a user job role

Discussion 0

Correct Answer: A Vote an answer

Question 5

Which transaction source is used to link transaction header and line information?

A. Transaction Date

B. Transaction Type

C. Transaction Key

D. Transaction Number

Discussion 0

Correct Answer: D Vote an answer

Question 6

While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.

B. The account rule is defined with a different chart of accounts from the journal entry rule set.

C. The account rule is defined with conditions that are not allowing the assignment.

D. The account rule does not return any valid account value.

Discussion 0

Correct Answer: A,B Vote an answer

Question 7

'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 forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.

A. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")

B. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)

C. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)

D. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")

Discussion 0

Correct Answer: D Vote an answer

Oracle Accounting Hub Cloud 2021 Implementation Essentials - 1Z0-1060-21 Exam Practice Test

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