Oracle 1Z0-1060-21 : Oracle Accounting Hub Cloud 2021 Implementation Essentials

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A) Event Class
B) Journal Entry Rule Set
C) Journal Line Rule
D) Event Type
E) Journal Entry

2. 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 Oracle OTBI tool.
C) Use PaaS tools, for example, ICS - to perform ETL tasks.
D) Use a web service tool.

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

4. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A) Register it as a new source system.
B) Change the transaction data file.
C) Add this as a new transaction type into existing registered subledger from the user interface.
D) Add this as a new transaction typo into existing subledger registration spreadsheet template.

5. Which two options allow validating input values on mapping sets?

A) Segment values
B) Lookup types
C) Chart of accounts segment
D) Value sets

Solutions: