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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. What can you override in a completed subledger journal entry?

A) the descriptions
B) the account
C) the supporting Information
D) the amounts

2. 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable legal entity rule
B) Enable intercompany balancing option
C) Enable chart of accounts rule
D) Enable balancing rules

3. Which three are mandatory transaction source information?

A) Distribution Link
B) Ledger Name
C) Transaction Number
D) Transaction Line
E) Transaction Date

4. Which two can you use to view supporting reference balances?

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

5. Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

A) It is not balanced by entered currency.
B) It appears correct.
C) It is not balanced by entered amounts.
D) It is not balanced by balancing segment.

Solutions: