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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

Question 1

What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

A. Oracle UCM Web Services
B. ERP Integration Service
C. Oracle Web Center Content Client Command line tool
D. Oracle Virtual Web Center Services

Question 2

Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance 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 manyledgers are required to be set up?

A. One primary ledger
B. One primary, one repotting currency ledger
C. One primary, one secondary ledger
D. Two primary ledgers

Question 3

Which is an alternate way to implement a mappingset rule?

A. Define a chart of account rule with conditions.
B. Define a flexfield rule with conditions.
C. Define a lookup type rule with conditions.
D. Define an account rule with conditions.

Question 4

What is a user job role data context assignment?

A. Security data role context assignment to auser job role
B. Security privileges assignment to a user job role
C. Security data access context assignment to a user job role
D. Duty role context assignment to a user

Question 5

Given the business requirement in the 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 sourcecode 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 are the key transaction types mentioned in the use case?

A. Purchase Trucks and Deploy Trucks
B. Pay Insurance and Control Truck Services
C. Initiate Truck Rentals Contract and Pay Truck Maintenance
D. Purchase Trucks and Pay Out Trucks

Solutions: