[Apr-2024] 1z0-1060-22 Exam Dumps, 1z0-1060-22 Practice Test Questions
Attested 1z0-1060-22 Dumps PDF Resource [2024]
NEW QUESTION # 36
How do you enable diagnostics on subledger transaction sources?
- A. enable transaction debug
- B. enable diagnostic profile
- C. enable diagnostic source
- D. enable diagnostic attribute
Answer: B
NEW QUESTION # 37
What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?
- A. Transaction objects
- B. Source objects
- C. Mapping sets
- D. Event entities
Answer: A
NEW QUESTION # 38
What can you override in a completed subledger journal entry?
- A. the descriptions
- B. the account
- C. the supporting Information
- D. the amounts
Answer: B
NEW QUESTION # 39
'Insurances for Homes' company provide home insuranceservice. 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 premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Deferral and Recognition
- B. Reversal and Recognition
- C. Multiperiod and Recognition
- D. Offsets and Recognition
Answer: C
NEW QUESTION # 40
Which role combines the functional privilege for an individual task or duty with the relevant data security policies?
- A. Abstract Roles
- B. Duty Role
- C. Aggregate Privilege
- D. Data Role
Answer: C
NEW QUESTION # 41
Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?
- A. Chart of account and convention.
- B. Chart of account and calendar.
- C. Calendar and currency.
- D. Chart of account and currency.
Answer: B
NEW QUESTION # 42
Which is an alternate way to implement a mapping set rule?
- A. Define a lookup type rule with conditions.
- B. Define a chart of account rule with conditions.
- C. Define a flexfield rule with conditions.
- D. Define an account rule with conditions.
Answer: D
NEW QUESTION # 43
Which function of Smart View create multiple reports from dimension values by using same grid structure?
- A. Cascading.
- B. Zooming in and out.
- C. Drill-through.
- D. Pivoting.
Answer: A
NEW QUESTION # 44
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
Answer: D
NEW QUESTION # 45
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System and Transaction Information
- B. Source System and Line Information
- C. Source System, Transaction Information, and Line Information
- D. Source System
Answer: C
NEW QUESTION # 46
Which tool will you use to review an account group in a graphical format from the Financial Reporting Center?
- A. BI Composer
- B. BI Catalog
- C. EPM
- D. Sunburst
Answer: B
NEW QUESTION # 47
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
- A. System Identifier
- B. User Transaction Identifier
- C. Source System Identifier
- D. Attribute Identifier
Answer: D
NEW QUESTION # 48
Which two components are used as part of the accounting event model?
- A. Event Type.
- B. Event Category.
- C. Event Class.
- D. Event Object.
Answer: A,C
NEW QUESTION # 49
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. Pay Insurance and Control Truck Services
- B. Purchase Trucks and Pay Out Trucks
- C. Initiate Truck Rentals Contract and Pay Truck Maintenance
- D. Purchase Trucks and Deploy Trucks
Answer: C
NEW QUESTION # 50
Which tool enables developers to produce real-time information by creating analyses and reports by suing graphs, charts, and tables?
- A. BI Publisher.
- B. Financial Reporting Studio.
- C. BI Composer.
- D. BI Answers.
Answer: D
NEW QUESTION # 51
What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?
- A. Use Oracle ERP Integration tool.
- B. Use Oracle OTBI tool.
- C. Use a web service tool.
- D. Use PaaS tools, for example, ICS - to perform ETL tasks.
Answer: D
NEW QUESTION # 52
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