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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 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) Currency
B) Customer Number
C) Line Type
D) Amount

2. A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?

A) Request support team to download subledger Journal entry data.
B) Run predefined reports and filter the report with the available report parameters.
C) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
D) Build a new data warehouse solution.

3. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) The user can customize the date format
B) DD-MON-YYYY
C) MM-DD-YYYY
D) YYYY-MM-DD

4. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Maintenance
B) Accounting Hub Administration
C) Application Implementation Consultant
D) Accounting Hub Integration
E) Subledger Accounting Manager

5. 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) Use either Account Monitor or Account Inspector to get required Information.
B) Build a Financial Reporting Studio report that includes all dimensions.
C) Build an OTBI analysis that includes a relevant subject area.
D) Create a Smart View report using the query designer feature.

Solutions: