[May-2023] Dumps Brief Outline Of The 1z0-1060-22 Exam - UpdateDumps
1z0-1060-22 Training & Certification Get Latest Oracle Financials Cloud
The Oracle 1z0-1060-22 Exam consists of multiple-choice questions that cover a wide range of topics related to the Oracle Accounting Hub Cloud solution. Some of the key topics covered in this exam include the configuration of accounting rules, the creation of accounting mappings, the management of accounting periods, and the integration of data sources. The exam also covers key concepts related to financial reporting, compliance, and security.
NEW QUESTION # 44
Which statement is true about accounting transformation?
- A. It is used to build approval rules for transaction recorded in third party source system.
- B. It is the process of converting transaction or activities from any source systems into journal entries.
- C. It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.
- D. It allows recording of transaction directly in the registration third-party source system.
Answer: B
NEW QUESTION # 45
Which two methods can you use to manage your setup data in the Functional Setup Manager?
- A. Implementation Project-based
- B. Feature-based
- C. Functional Area-based
- D. Role-based
Answer: A,C
NEW QUESTION # 46
Which two options allow validating input values on mapping sets?
- A. Lookup types
- B. Value sets
- C. Chart of accounts segment
- D. Segment values
Answer: A,B
NEW QUESTION # 47
Which duty role should be assigned to job role to import transaction data for accounting and posting in General Ledger?
- A. General Accounting Function Administration.
- B. General Accounting Setup Review.
- C. Accounting Hub Integration.
- D. Accounting Hub Administration.
Answer: C
NEW QUESTION # 48
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Application Implementation Consultant
- B. Subledger Accounting Manager
- C. Accounting Hub Maintenance
- D. Accounting Hub Integration
- E. Accounting Hub Administration
Answer: A,B,D
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. Initiate Truck Rentals Contract and Pay Truck Maintenance
- B. Purchase Trucks and Deploy Trucks
- C. Pay Insurance and Control Truck Services
- D. Purchase Trucks and Pay Out Trucks
Answer: A
NEW QUESTION # 50
Which tool enables developers to produce real-time information by creating analyses and reports by suing graphs, charts, and tables?
- A. Financial Reporting Studio.
- B. BI Answers.
- C. BI Composer.
- D. BI Publisher.
Answer: B
NEW QUESTION # 51
Which three worksheets are a part of the source system Registration Spreadsheet Template? Choose Three
- A. Line Information
- B. Transaction Information
- C. Source System
- D. Accounting Method Information
- E. Metadata Information
Answer: A,B,C
NEW QUESTION # 52
Which three are mandatory transaction source information?
- A. Ledger Name
- B. Transaction Line
- C. Transaction Date
- D. Transaction Number
- E. Distribution Link
Answer: A,B,C
NEW QUESTION # 53
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 Third Party Control Account feature.
- B. Use Supporting References to capture customer classification information.
- C. Use the Open Account Balances Listing report that has balances by customer.
- D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Answer: B
NEW QUESTION # 54
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 two journal line rules with a condition of supplier 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 an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- D. Create a 30 account combination rule with a condition of expense type.
Answer: B
NEW QUESTION # 55
Which four are the components of a Ledger?
- A. Accounting Convention
- B. Currency
- C. Legal Entity
- D. Calendar
- E. Chart of Accounts
Answer: A,B,D,E
NEW QUESTION # 56
Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
- A. Supporting reference with balance using Account Manager as a source.
- B. Supporting reference without balance using Account Manager as a source.
- C. Description rule with Account Managers as a source.
- D. Description rule with Revenue Amount as a source.
Answer: A
NEW QUESTION # 57
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. Attribute Identifier
- D. Source System Identifier
Answer: C
NEW QUESTION # 58
Which role must the user have to import accounting transaction data?
- A. Accounting Hub Administration Duty role
- B. Subledger Accounting Duty role
- C. Subledger Accounting Reporting Duty role
- D. Accounting Hub Integration Duty role
Answer: D
NEW QUESTION # 59
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. Attribute Identifier
- C. Source System Identifier
- D. User Transaction Identifier
Answer: D
NEW QUESTION # 60
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounting class
- B. Supporting references
- C. Accounting lines
- D. Accounted amounts
Answer: B
NEW QUESTION # 61
Which statement is true about managing data access for users?
- A. Data assignments can be made only to users who are assigned to specific abstract roles
- B. Data assignments can be made to all users without a role assignment
- C. Data assignments can be made only to users who are assigned to specific duty roles
- D. Data assignments can be made only to users who are assigned to specific job roles
Answer: D
NEW QUESTION # 62
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