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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Activate the accounting method.
B) Activate the journal entry rule set.
C) Download a new transaction data template.
D) There is no required action. The mapping addition is complete.

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

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

4. Invoices received from a source system need to use a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?

A) Create two journal line rules with a condition of supplier type.
B) Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
C) Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
D) Create a 30 account combination rule with a condition of expense type.

5. '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) Multiperiod class
B) Recurring Journal class
C) Recognition Journal class
D) Accounting class

Solutions: