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NEW QUESTION 1
What is the required date format used to import accounting transactions to Accounting Hub Cloud?

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

Answer: D

NEW QUESTION 2
How do you enable diagnostics on subledger transaction sources?

  • A. enable diagnostic profile
  • B. enable diagnostic attribute
  • C. enable diagnostic source
  • D. enable transaction debug

Answer: A

NEW QUESTION 3
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

  • A. Conversion type and conversion date
  • B. Conversion type, conversion date and conversion rate
  • C. Conversion date and conversion rate
  • D. Conversion type

Answer: C

NEW QUESTION 4
While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

  • A. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
  • B. The account rule is defined with conditions that are not allowing the assignment.
  • C. The account rule does not return any valid account value.
  • D. The account rule is defined with a different chart of accounts from the journal entry rule set.

Answer: AD

NEW QUESTION 5
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. Build a new data warehouse solution.
  • B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
  • C. Request support team to download subledger Journal entry data.
  • D. Run predefined reports and filter the report with the available report parameters.

Answer: B

NEW QUESTION 6
How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

  • A. Two
  • B. One
  • C. Three
  • D. Unlimited

Answer: B

NEW QUESTION 7
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header. When uploading transactions, which is a way to differentiate each Journal line?

  • A. Assign a custom formula.
  • B. Assign an accounting attribute.
  • C. You do not need to do anything additional.
  • D. Assign a line classification or line type attribute.

Answer: D

NEW QUESTION 8
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

  • A. an Oracle Financial Reporting Studio report
  • B. a predefined Oracle Business Intelligence Publisher report
  • C. an Oracle Transactional Business Intelligence analysis
  • D. a Smart View Report

Answer: C

NEW QUESTION 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 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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

  • A. Assign it to an accounting method.
  • B. Assign it to an account rule.
  • C. Assign it to a transaction type.
  • D. Assign it to an accounting attribute.

Answer: B

NEW QUESTION 10
What attribute of a subledger journal entry is NOT transferred to GL?

  • A. Accounting class
  • B. Accounting lines
  • C. Accounted amounts
  • D. Supporting references

Answer: D

NEW QUESTION 11
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

  • A. Add new transaction sources from the user interface.
  • B. Register another source system that includes these new transaction sources.
  • C. Tell them this cannot be implemented.
  • D. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.

Answer: A

NEW QUESTION 12
What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

  • A. Virtual Machine Processing Size
  • B. Accounting Unit Commit Size
  • C. Buffer Unit Size
  • D. Processing Unit Size

Answer: D

NEW QUESTION 13
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?

  • A. Use the Open Account Balances Listing report that has balances by customer.
  • B. Use the Third Party Control Account feature.
  • C. Use Supporting References to capture customer classification information.
  • D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).

Answer: C

NEW QUESTION 14
Given the subledger journal entry:
1Z0-1060-20 dumps exhibit
Note that the first segment is the primary balancing segment. Which statement is True regarding this subledger journal entry?

  • A. It is not balanced by balancing segment.
  • B. It is not balanced by entered currency.
  • C. It is not balanced by entered amounts.
  • D. It appears correct.

Answer: A

NEW QUESTION 15
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

  • A. Accounting Hub Create Accounting Duty Role
  • B. Accounting Hub Import Duty Role
  • C. Accounting Hub Integration Duty Role
  • D. Accounting Hub Create and Post Journal Entry Duty Role

Answer: C

NEW QUESTION 16
Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?

  • A. Create a 30 account combination rule with a condition of expense type.
  • B. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
  • C. Create two journal line rules with a condition of supplier type.
  • D. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.

Answer: B

NEW QUESTION 17
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. Event entities
  • C. Source objects
  • D. Mapping sets

Answer: A

NEW QUESTION 18
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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

  • A. Enable intercompany balancing option
  • B. Enable balancing rules
  • C. Enable legal entity rule
  • D. Enable chart of accounts rule

Answer: A

NEW QUESTION 19
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