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Passing the Oracle 1z0-1060-22 Exam can help professionals enhance their career prospects by demonstrating their expertise in implementing and using the Oracle Accounting Hub Cloud. Oracle Accounting Hub Cloud 2022 Implementation Professional certification can also help organizations identify qualified professionals who can effectively manage their financial operations using Oracle Cloud services. With the increasing demand for cloud-based financial management solutions, the Oracle Accounting Hub Cloud 2022 Implementation Professional certification can be a valuable asset for finance and accounting professionals who want to stay ahead in their careers.
To prepare for the Oracle 1z0-1060-22 certification exam, candidates must have a strong understanding of accounting principles and concepts, as well as experience in implementing Oracle Accounting Hub Cloud. They should also have knowledge of Oracle Cloud Infrastructure and related technologies. 1z0-1060-22 exam is designed to test the candidate's ability to configure and customize the software to meet the needs of the organization, as well as their ability to troubleshoot and resolve issues.
Oracle 1z0-1060-22 exam covers a range of topics related to Oracle Accounting Hub Cloud implementation, including setting up accounting rules, creating accounting mappings, configuring financial reports, managing accounting transactions, and integrating with other financial systems. 1z0-1060-22 exam consists of 60 multiple-choice questions that must be completed within 105 minutes. To pass the exam, candidates must score a minimum of 65%.
NEW QUESTION # 15
Under which condition can you override the General Ledger account on an existing subledger journal that is generated by the Import Accounting Transaction Process?
- A. The Status of the Journal is Draft
- B. The Status of the Journal is in error
- C. The Status of the Journal is Incomplete
- D. The Status of the Journal is Final with any posting status
Answer: A
NEW QUESTION # 16
Which three are mandatory transaction source information?
- A. Transaction Line
- B. Transaction Date
- C. Transaction Number
- D. Distribution Link
- E. Ledger Name
Answer: B,C,E
NEW QUESTION # 17
What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?
- A. Source objects
- B. Event entities
- C. Transaction objects
- D. Mapping sets
Answer: B
NEW QUESTION # 18
Given the business use case:
'New Trucks' runs a fleetof 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?
- A. Truck Type
- B. Company
- C. Customer Number
- D. TransactionDate
Answer: C
NEW QUESTION # 19
What is the maximum length for a name of a transaction type in the Source System Transaction worksheet?
- A. 25.
- B. 20.
- C. 40.
- D. 30.
Answer: D
NEW QUESTION # 20
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?
- A. Reporting Sequence
- B. Accounting Sequence
- C. Journal Entry Sequence
- D. Document Sequence
Answer: B
NEW QUESTION # 21
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a new data warehouse solution.
- B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- C. Request support team to download subledger Journal entry data.
- D. Run predefined reports and filter the report with the available report parameters.
Answer: B
NEW QUESTION # 22
Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
- A. Description rule with Account Managers as a source.
- B. Supporting reference without balance using Account Manager as a source.
- C. Description rule with Revenue Amount as a source.
- D. Supporting reference with balance using Account Manager as a source.
Answer: D
NEW QUESTION # 23
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. ERP Integration Service
- B. Oracle UCM Web Services
- C. Oracle Web Center Content Client Command line tool
- D. Oracle Virtual Web Center Services
Answer: D
NEW QUESTION # 24
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 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 are the key transaction types mentioned in the use case?
- A. Purchase Trucks and Deploy Trucks
- B. Pay Insurance and Control Truck Services
- C. Purchase Trucks and Pay Out Trucks
- D. Initiate Truck Rentals Contract and Pay Truck Maintenance
Answer: D
NEW QUESTION # 25
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. upload transaction data into FAH Reporting Cloud Service
- B. transfer Balances to FAH Reporting Cloud Service
- C. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- D. provide real-time visibility to financial reports inFAH Reporting Cloud Service
Answer: A
NEW QUESTION # 26
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
- A. Summarize by GL Period
- B. Group by GL Date
- C. Transfer in Details
- D. Summarize by GL Date
Answer: B
NEW QUESTION # 27
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Create a Smart View report using the query designer feature.
- B. Build an OTBI analysis that includes a relevant subject area.
- C. Build a Financial Reporting Studio report that includes all dimensions.
- D. Use either Account Monitor or Account Inspector to get required Information.
Answer: B
NEW QUESTION # 28
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Reporting Currencies
- B. Specify Ledger Options
- C. Manage Subledger Accounting Options
- D. Manage Accounting Attribute Assignments
Answer: A
NEW QUESTION # 29
Which tool will you use to review an account group in a graphical format from the Financial Reporting Center?
- A. BI Composer
- B. BI Catalog
- C. Sunburst
- D. EPM
Answer: B
NEW QUESTION # 30
Which task in the Setup and Maintenance work area is used to download the template for registering a source system in the Accounting Hub Cloud?
- A. Manage Configuration Packages
- B. Manage Subledger Application
- C. Create Subledger Application Setups in the Spreadsheet
- D. Update Subledger Accounting Options
Answer: C
NEW QUESTION # 31
What three are the required elements of an accounting method?
- A. Journal entry rule sets.
- B. Supporting reference.
- C. Description rules.
- D. Account rules.
- E. Journal line rules.
Answer: A,D,E
NEW QUESTION # 32
Which transaction source is used to link transaction header and line information?
- A. Transaction Date
- B. Transaction Number
- C. Transaction Key
- D. Transaction Type
Answer: B
NEW QUESTION # 33
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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
- A. Assign it to an account rule.
- B. Assign it to an accounting attribute.
- C. Assign it to a transaction type.
- D. Assign it to an accounting method.
Answer: A
NEW QUESTION # 34
Which statement is true about accounting transformation?
- A. It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.
- B. It is used to build approval rules for transaction recorded in third party source system.
- C. It allows recording of transaction directly in the registration third-party source system.
- D. It is the process of converting transaction or activities from any source systems into journal entries.
Answer: D
NEW QUESTION # 35
What can you override in a completed subledger journal entry?
- A. the amounts
- B. the descriptions
- C. the supporting Information
- D. the account
Answer: D
NEW QUESTION # 36
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