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  5. Oracle Accounting Hub Cloud 2022 Implementation Professional Questions and Answers
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1z0-1060-22 Oracle Accounting Hub Cloud 2022 Implementation Professional Questions and Answers

Questions 4

You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.

Which two traits can help you explain this feature?

Options:

A.

The account override feature provides an audit trail by preserving the original subledger journal entry.

B.

The account override feature adjusts the original source transaction.

C.

The account override feature is only intended to correct subledger journals that have been posted.

D.

The account override feature allows users to record a reason for the adjustment.

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Questions 5

Which task in the Setup and Maintenance work area is used to download the template for registering a source system in the Accounting Hub Cloud?

Options:

A.

Manage Configuration Packages

B.

Manage Subledger Application

C.

Create Subledger Application Setups in the Spreadsheet

D.

Update Subledger Accounting Options

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Questions 6

Which component of the Accounting Method is used to store additional source information about transactions and is also useful for reconciliation of accounting to source systems, as well as reporting?

Options:

A.

Conditions

B.

Supporting References

C.

Description Rules

D.

Journal Line Rules

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Questions 7

Which statement is true about accounting transformation?

Options:

A.

It is the process of converting transaction or activities from any source systems into journal entries.

B.

It allows recording of transaction directly in the registration third-party source system.

C.

It is used to build approval rules for transaction recorded in third party source system.

D.

It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.

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Questions 8

Which two actions can you accomplish for a registered source system?

Options:

A.

Add new event classes through the user interface.

B.

Modify the subledger application name as long as thereare no pending accounting entries.

C.

Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.

D.

Revise source Information through the user interface and add more sources.

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Questions 9

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 andloss 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.

How do you set up an account rule that is based on leased and owned trucks?

Options:

A.

Set up a mapping set rule.

B.

Set up a lookup value.

C.

Set up a value set rule.

D.

Set up an account source in the source system file and derive the value.

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Questions 10

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

Options:

A.

Accounting Hub Maintenance

B.

Subledger Accounting Manager

C.

Accounting Hub Administration

D.

Application Implementation Consultant

E.

Accounting Hub Integration

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Questions 11

Which two components are used by the Approvals Workflow in Oracle Cloud Applications?

Options:

A.

Calculation Manager

B.

OTBI

C.

SOA Suite

D.

BPM Worklist

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Questions 12

Which role provides full access to perform all Functional Setup Manager–related activities?

Options:

A.

Application Implementation Manager

B.

Accounting Hub Integration

C.

IT Security Manager

D.

Application Implementation Consultant

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Questions 13

Which two components are used as part of the accounting event model?

Options:

A.

Event Class.

B.

Event Object.

C.

Event Type.

D.

Event Category.

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Exam Code: 1z0-1060-22
Exam Name: Oracle Accounting Hub Cloud 2022 Implementation Professional
Last Update: Feb 22, 2024
Questions: 87
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