Oracle Oracle Certifications 1Z0-1060-22 Questions & Answers

• Question 31:

  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

  Correct Answer: A

• Question 32:

  What are all the tabs that are available to be completed in the Register Source System spreadsheet?

  A. Source System and Line Information

  B. Source System and Transaction Information

  C. Source System

  D. Source System, Transaction Information, and Line Information

  Correct Answer: D

• Question 33:

  Given the journal: What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

  

  A. User Transaction Identifier

  B. Attribute Identifier

  C. Source System Identifier

  D. System Identifier

  Correct Answer: B

• 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 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 premium Is 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. Offsets and Recognition

  B. Deferral and Recognition

  C. Reversal and Recognition

  D. Multiperiod and Recognition

  Correct Answer: B

• Question 35:

  You need to build a complex account rule. Which four value types can you use in your definition?

  A. Value Set

  B. Constant

  C. Existing Account Rule

  D. Account Combination

  E. Mapping Set

  F. Source

  Correct Answer: BCEF

• Question 36:

  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

  Correct Answer: C

• Question 37:

  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 accounting rules to be shared?

  A. One subledger for the 3 Loan systems and one subledger for Insurance.

  B. One subledger for each source system.

  C. One subledger for all 4 source systems.

  D. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.

  Correct Answer: AC

• Question 38:

  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.

  Correct Answer: A

• Question 39:

  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

  Correct Answer: D

• Question 40:

  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 PaaS tools, for example, ICS - to perform ETL tasks.

  C. Use Oracle OTBI tool.

  D. Use a web service tool.

  Correct Answer: B