Free Oracle 1Z1-1019 Exam Dumps Questions & Answers

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?

• A.  Use the Open Account Balances Listing report that has balances by customer.
• B.  Use the Third Party Control Account feature.
• C.  Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
• D.  Use Supporting References to capture customer classification information.

While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

• A.  The account rule does not return any valid account value.
• B.  The account rule is defined with a different chart of accounts from the journal entry rule set.
• C.  The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
• D.  The account rule is defined with conditions that are not allowing the assignment.

You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?

• A.  The account override feature adjusts the original source transaction.
• B.  The account override feature provides an audit trail by preserving the original subledger journal entry.
• C.  The account override feature allows users to record a reason for the adjustment.
• D.  The account override feature is only intended to correct subledger journals that have been posted.

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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

• A.  Enable balancing rules
• B.  Enable intercompany balancing option
• C.  Enable legal entity rule
• D.  Enable chart of accounts rule

You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

• A.  Submit the Accounting Event Diagnostics process.
• B.  Run the Accounting Events Diagnostic Report.
• C.  Run Create Accounting again to generate journal entries for the events that ended in error.
• D.  Set the "SLA: Diagnostics Enabled" profile option.