Free Oracle 1Z1-1060 Exam Dumps Questions & Answers

What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

• A.  Accounting Hub Import Duty Role
• B.  Accounting Hub Create and Post Journal Entry Duty Role
• C.  Accounting Hub Create Accounting Duty Role
• D.  Accounting Hub Integration Duty Role

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

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.
How do you calculate discounts for use in the accounting rule?

• A.  Use mapping set rules
• B.  Use analytical calculations
• C.  Use custom formulas
• D.  Use flexfield

Which two can you use to view supporting reference balances?

• A.  Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
• B.  Submit the standard Supporting Reference Balances Report.
• C.  Use the Supporting Reference Balance Inquiry page.
• D.  Use Business Intelligence Publisher to build a custom report.

Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

• A.  User Transaction Identifier
• B.  Attribute Identifier
• C.  System Identifier
• D.  Source System Identifier