Oracle 1z0-1060-22 Exam Preparation Guide and PDF Download
Verified & Correct 1z0-1060-22 Practice Test Reliable Source Apr 30, 2024 Updated
Oracle 1z0-1060-22 exam, also known as the Oracle Accounting Hub Cloud 2022 Implementation Professional exam, is designed for professionals who are interested in demonstrating their expertise in implementing Oracle Accounting Hub Cloud solutions. Oracle Accounting Hub Cloud 2022 Implementation Professional certification exam is intended for individuals who have a strong understanding of accounting concepts and principles, as well as experience with Oracle Accounting Hub Cloud. Successful completion of 1z0-1060-22 exam demonstrates a candidate's ability to implement, configure, and maintain Oracle Accounting Hub Cloud solutions in a variety of environments.
Oracle Accounting Hub Cloud 2022 is a cloud-based financial platform that enables organizations to centralize their financial data, streamline their accounting processes, and achieve real-time visibility into their financial performance. The platform integrates with various financial systems, including Oracle E-Business Suite, PeopleSoft, JD Edwards, and SAP, allowing organizations to streamline their financial processes and improve operational efficiency. The Oracle 1z0-1060-22 exam is designed to test the candidate's knowledge and expertise in implementing the Oracle Accounting Hub Cloud platform.
NEW QUESTION # 48
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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
- A. Enable intercompany balancing option
- B. Enable chart of accounts rule
- C. Enable balancing rules
- D. Enable legal entity rule
Answer: A
NEW QUESTION # 49
What is a user job role data context assignment?
- A. Security data access context assignment to a user job role
- B. Security privileges assignment to a user job role
- C. Security data role context assignment to a user job role
- D. Duty role context assignment to a user
Answer: A
NEW QUESTION # 50
Which three are mandatory transaction source information?
- A. Transaction Line
- B. Transaction Date
- C. Distribution Link
- D. Ledger Name
- E. Transaction Number
Answer: B,D,E
NEW QUESTION # 51
What is the maximum length for a name of a transaction type in the Source System Transaction worksheet?
- A. 30.
- B. 20.
- C. 25.
- D. 40.
Answer: A
NEW QUESTION # 52
Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
- A. Supporting reference without balance using Account Manager as a source.
- B. Description rule with Revenue Amount as a source.
- C. Description rule with Account Managers as a source.
- D. Supporting reference with balance using Account Manager as a source.
Answer: D
NEW QUESTION # 53
Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
- A. Journal Entry
- B. Journal Line Rule
- C. Journal Entry Rule Set
- D. Event Type
- E. Event Class
Answer: B
NEW QUESTION # 54
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- A. Accounting Hub Integration Duty Role
- B. Accounting Hub Create Accounting Duty Role
- C. Accounting Hub Import Duty Role
- D. Accounting Hub Create and Post Journal Entry Duty Role
Answer: A
NEW QUESTION # 55
Which statement is true about managing data access for users?
- A. Data assignments can be made to all users without a role assignment
- B. Data assignments can be made only to users who are assigned to specific abstract roles
- C. Data assignments can be made only to users who are assigned to specific duty roles
- D. Data assignments can be made only to users who are assigned to specific job roles
Answer: D
NEW QUESTION # 56
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. an Oracle Transactional Business Intelligence analysis
- B. an Oracle Financial Reporting Studio report
- C. a Smart View Report
- D. a predefined Oracle Business Intelligence Publisher report
Answer: A
NEW QUESTION # 57
Which tool will you use to review an account group in a graphical format from the Financial Reporting Center?
- A. EPM
- B. BI Composer
- C. Sunburst
- D. BI Catalog
Answer: D
NEW QUESTION # 58
The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
- A. Register it as a new source system.
- B. Add this as a new transaction typo into existing subledger registration spreadsheet template.
- C. Add this as a new transaction type into existing registered subledger from the user interface.
- D. Change the transaction data file.
Answer: A,C
NEW QUESTION # 59
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Integration
- B. Application Implementation Consultant
- C. Accounting Hub Administration
- D. Accounting Hub Maintenance
- E. Subledger Accounting Manager
Answer: A,B,E
NEW QUESTION # 60
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 accountingrules to be shared?
- A. One subledger for the 3 Loan systems and one subledger for Insurance.
- B. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
- C. One subledger for all 4 source systems.
- D. One subledger for each source system.
Answer: A,D
NEW QUESTION # 61
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 entered currency.
- B. It is not balanced by entered amounts.
- C. It appears correct.
- D. It is notbalanced by balancing segment.
Answer: D
NEW QUESTION # 62
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Create a Smart View report using the query designer feature.
- B. Build a Financial Reporting Studio report that includes all dimensions.
- C. Use either Account Monitor or Account Inspector to get required Information.
- D. Build an OTBI analysis that includes a relevant subject area.
Answer: D
NEW QUESTION # 63
Which duty role should be assigned to job role to import transaction data for accounting and posting in General Ledger?
- A. Accounting Hub Administration.
- B. Accounting Hub Integration.
- C. General Accounting Function Administration.
- D. General Accounting Setup Review.
Answer: B
NEW QUESTION # 64
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- B. upload transaction data into FAH Reporting Cloud Service
- C. transfer Balances to FAH Reporting Cloud Service
- D. provide real-time visibility to financial reports in FAH Reporting Cloud Service
Answer: A
NEW QUESTION # 65
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?
- A. Journal Entry Sequence
- B. Reporting Sequence
- C. Accounting Sequence
- D. Document Sequence
Answer: C
NEW QUESTION # 66
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- B. upload transaction data into FAH Reporting Cloud Service
- C. provide real-time visibility to financial reports inFAH Reporting Cloud Service
- D. transfer Balances to FAH Reporting Cloud Service
Answer: B
NEW QUESTION # 67
Which three are mandatory transaction source information?
- A. Transaction Number
- B. Transaction Line
- C. Transaction Date
- D. Distribution Link
- E. Ledger Name
Answer: B,C,E
NEW QUESTION # 68
Given the business requirement in the 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.
What are the key transaction types mentioned in the use case?
- A. Initiate Truck Rentals Contract and Pay Truck Maintenance
- B. Purchase Trucks and Pay Out Trucks
- C. Pay Insurance and Control Truck Services
- D. Purchase Trucks and Deploy Trucks
Answer: A
NEW QUESTION # 69
......
Pass Oracle 1z0-1060-22 exam Dumps 100 Pass Guarantee With Latest Demo: https://examsboost.realexamfree.com/1z0-1060-22-real-exam-dumps.html
