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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 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?

A) Use PaaS tools, for example, ICS - to perform ETL tasks.
B) Use a web service tool.
C) Use Oracle ERP Integration tool.
D) Use Oracle OTBI tool.

2. Invoices received from a source system need touse a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?

A) Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
B) Create a 30 account combination rule with acondition of expense type.
C) Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
D) Create two journal line rules with a condition of supplier type.

3. Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?

A) Assign an accounting attribute.
B) You do not need to do anything additional.
C) Assign a line classification or line type attribute.
D) Assign a custom formula.

4. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Constant
B) Value Set
C) Account Combination
D) Source
E) Existing Account Rule
F) Mapping Set

5. '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) Offsets and Recognition
B) Multiperiod and Recognition
C) Deferral and Recognition
D) Reversal and Recognition

Solutions: