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NEW QUESTION 18
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?
- A. define journal line rules with conditions
- B. define journal entry rule set with condition
- C. define line description rule with condition
- D. define user transaction lineidentifier
Answer: C
NEW QUESTION 19
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. Run predefined reports and filter the report with the available report parameters.
- D. Request support team to download subledger Journal entry data.
Answer: B
NEW QUESTION 20
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounting lines
- B. Accounting class
- C. Supporting references
- D. Accounted amounts
Answer: C
NEW QUESTION 21
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?
- A. One subledger for all 4 source systems.
- B. One subledger for each source system.
- C. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
- D. One subledger for the 3 Loan systems and one subledger for Insurance.
Answer: A,D
NEW QUESTION 22
'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 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 forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.
- A. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
- B. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- C. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1) - D. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
Answer: B
NEW QUESTION 23
What is a user job role data context assignment?
- A. Security privileges assignment to a user job role
- B. Security data access context assignment to a user job role
- C. Duty role context assignment to a user
- D. Security data role context assignment to auser job role
Answer: B
NEW QUESTION 24
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 classificationinformation.
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. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
- B. Use the Open Account Balances Listing report that has balances by customer.
- C. Use Supporting References to capture customer classification information.
- D. Use the Third Party Control Account feature.
Answer: C
NEW QUESTION 25
Given the business use case:
'New Trucks' runs a fleetof 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?
- A. Truck Type
- B. Customer Number
- C. Company
- D. TransactionDate
Answer: A
NEW QUESTION 26
Which four options are used to reconcile subledger journal entries?
- A. Run the Subledger Accounting Diagnostics report.
- B. Set up reconciliation using the reconciliation reference accounting attribute.
- C. Assign a descriptive text and source on journal lines.
- D. Tag supporting references with journal entry lines.
- E. Build a custom OTBIreport.
- F. Run the Subledger Accounting Method Setups report.
Answer: B,C,D,E
NEW QUESTION 27
What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?
- A. Buffer Unit Size
- B. Processing Unit Size
- C. Accounting Unit Commit Size
- D. Virtual Machine Processing Size
Answer: B
NEW QUESTION 28
Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?
- A. One primary, one secondary ledger
- B. Two primary ledgers
- C. One primary, one repotting currency ledger
- D. One primary ledger
Answer: D
NEW QUESTION 29
What can you override in a completed subledger journal entry?
- A. the amounts
- B. the descriptions
- C. the supporting Information
- D. the account
Answer: D
NEW QUESTION 30
Which transaction source is used to link transaction header and line information?
- A. Transaction Key
- B. Transaction Type
- C. Transaction Number
- D. Transaction Date
Answer: C
NEW QUESTION 31
Invoices received from a source system need touse 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 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.
- B. Create a 30 account combination rule with acondition of expense type.
- C. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- D. Create two journal line rules with a condition of supplier type.
Answer: A
NEW QUESTION 32
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?
- A. Attribute Identifier
- B. Source System Identifier
- C. System Identifier
- D. User Transaction Identifier
Answer: A
NEW QUESTION 33
Which is an alternate way to implement a mappingset rule?
- A. Define a lookup type rule with conditions.
- B. Define an account rule with conditions.
- C. Define a flexfield rule with conditions.
- D. Define a chart of account rule with conditions.
Answer: B
NEW QUESTION 34
'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. Recognition Journal class
- B. Multiperiod class
- C. Accounting class
- D. Recurring Journal class
Answer: B
NEW QUESTION 35
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