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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
B) provide real-time visibility to financial reports in FAH Reporting Cloud Service
C) transfer Balances to FAH Reporting Cloud Service
D) upload transaction data into FAH Reporting Cloud Service

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

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

3. Given the business 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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

A) One primary ledger
B) One primary, one repotting currency ledger
C) One primary, one secondary ledger
D) Two primary ledgers

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

5. 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) Change the transaction data file.
B) Register it as a new source system.
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.

Solutions: