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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 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) Pay Insurance and Control Truck Services
B) Purchase Trucks and Pay Out Trucks
C) Initiate Truck Rentals Contract and Pay Truck Maintenance
D) Purchase Trucks and Deploy Trucks

2. Which is used to track a specific transaction attribute on subledger journal entries?

A) account rules
B) lookup value rules
C) value set rules
D) supporting references

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

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

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

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

A) Source System
B) Source System, Transaction Information, and Line Information
C) Source System and Line Information
D) Source System and Transaction Information

Solutions: