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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Value Set
B) Existing Account Rule
C) Source
D) Account Combination
E) Mapping Set
F) Constant

2. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversiontype and conversion date
B) Conversion date and conversion rate
C) Conversion type
D) Conversion type, conversion date and conversion rate

3. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The source does not return any value; therefore the rule is not displayed.
B) The rule is built using a line level source.
C) The rule is built using a custom source.
D) The rule is built using a value set source.

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

5. What is a user job role data context assignment?

A) Duty role context assignment to a user
B) Security data role context assignment to auser job role
C) Security data access context assignment to a user job role
D) Security privileges assignment to a user job role

Solutions: