Free Oracle 1z0-1060-22 Exam Dumps Questions & Answers

'Insurances for Homes' company provide home insuranceservice. 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 premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

• A.  Reversal and Recognition
• B.  Deferral and Recognition
• C.  Offsets and Recognition
• D.  Multiperiod and Recognition

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

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?

• A.  a Smart View Report
• B.  a predefined Oracle Business Intelligence Publisher report
• C.  an Oracle Financial Reporting Studio report
• D.  an Oracle Transactional Business Intelligence analysis

Which function of Smart View create multiple reports from dimension values by using same grid structure?

• A.  Drill-through.
• B.  Cascading.
• C.  Pivoting.
• D.  Zooming in and out.

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.  Event Class
• C.  Journal Line Rule
• D.  Journal Entry
• E.  Journal Entry Rule Set