2023 New Training Course 1z0-1060-22 Tutorial Preparation Guide [Q22-Q46]

2023 New Training Course 1z0-1060-22 Tutorial Preparation Guide

Dumps of 1z0-1060-22 Cover all the requirements of the Real Exam

Oracle 1z0-1060-22 certification exam is intended for professionals who have a solid understanding of accounting principles and practices, as well as experience in implementing financial systems. 1z0-1060-22 exam consists of 60 multiple-choice questions and has a duration of 105 minutes. A passing score of 65% or higher is required to obtain the certification.

The 1z0-1060-22 certification exam is designed for professionals with a strong understanding of accounting principles and practices. Candidates must have experience with Oracle Cloud solutions and a deep understanding of financial management processes. 1z0-1060-22 exam consists of 70 multiple-choice questions and must be completed within 105 minutes. Candidates who pass the exam will be awarded the Oracle Accounting Hub Cloud 2022 Implementation Professional certification, which is recognized globally and highly valued by employers.

 

NO.22 A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?

 
 
 
 

NO.23 You have recently registered a new source system and now the customer wants you to add another event type within this source system. What is the correct method to add another event type?

 
 
 
 

NO.24 Which two can you use to view supporting reference balances?

 
 
 
 

NO.25 A customer’s business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

 
 
 
 

NO.26 Which function of Smart View create multiple reports from dimension values by using same grid structure?

 
 
 
 

NO.27 ‘Insurances for Homes’ company provide home insurance service. They have in house built system that processes home 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

 
 
 
 

NO.28 Which four options are used to reconcile subledger journal entries?

 
 
 
 
 
 

NO.29 Which task in the Setup and Maintenance work area is used to download the template for registering a source system in the Accounting Hub Cloud?

 
 
 
 

NO.30 What is the key attribute that is used to query journal entries of a registered source system?

 
 
 
 

NO.31 Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

 
 
 
 

NO.32 A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

 
 
 
 

NO.33 Which four components are related to the Accounting Hub?

 
 
 
 
 

NO.34 After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

 
 
 
 

NO.35 Given the business use case:
‘New Trucks’ runs a fleetof 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?

 
 
 
 

NO.36 Which role combines the functional privilege for an individual task or duty with the relevant data security policies?

 
 
 
 

NO.37 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?

 
 
 
 

NO.38 What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

 
 
 
 

NO.39 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?

 
 
 
 

NO.40 Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?

 
 
 
 

NO.41 What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?

 
 
 
 

NO.42 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?

 
 
 
 

NO.43 Which two components are used as part of the accounting event model?

 
 
 
 

NO.44 How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?

 
 
 
 

NO.45 In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

 
 
 
 

NO.46 What is a user job role data context assignment?

 
 
 
 

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