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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Given the subledger journal entry:

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 appears correct.
C) It is not balanced by entered amounts.
D) It is not balanced by entered currency.

2. 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) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
D) Tell them this cannot be implemented.

3. What can you override in a completed subledger journal entry?

A) the account
B) the descriptions
C) the supporting Information
D) the amounts

4. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A) Create a Smart View report using the query designer feature.
B) Build a Financial Reporting Studio report that includes all dimensions.
C) Build an OTBI analysis that includes a relevant subject area.
D) Use either Account Monitor or Account Inspector to get required Information.

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

Solutions: