Oracle 1Z0-1060-20 : Oracle Accounting Hub Cloud 2020 Implementation Essentials

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Which three are mandatory transaction source information?

A) Transaction Line
B) Ledger Name
C) Transaction Number
D) Transaction Date
E) Distribution Link

2. What is NOT included in the minimum required accounting attribute assignments?

A) First Distribution Identifier
B) Accounting Date
C) Distribution Type
D) Second Distribution Identifier

3. 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 wil the typical transaction information be at the header level?

A) Customer Number
B) Amount
C) Currency
D) Line Type

4. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A) upload transaction data into FAH Reporting Cloud Service
B) transfer Balances to FAH Reporting Cloud Service
C) provide real-time visibility to financial reports in FAH Reporting Cloud Service
D) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service

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

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

Solutions: