1z0-1060-22 by Oracle Valid Free Exam Practice Test

Question 1

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

Correct Answer: B,C

Question 2

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 is not balanced by entered amounts. C. It appears correct. D. It is notbalanced by balancing segment.

Correct Answer: D

Question 3

There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?

A. define journal entry rule set with condition B. define line description rule with condition C. define journal line rules with conditions D. define user transaction lineidentifier

Correct Answer: B

Question 4

What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

A. Accounting HubIntegration Duty Role B. Accounting Hub Import Duty Role C. Accounting Hub Create Accounting Duty Role D. Accounting Hub Create and Post Journal Entry Duty Role

Correct Answer: A

Question 5

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

Correct Answer: D

Question 6

You have recently registered a new source system and now the customer wants you to add another event type within this source system. What is the correct method to add another event type?

A. Register the source system again by including the New Event Type B. Create another source system with the new event type and merge it with the previous source system C. Add the new Event Type from the User Interface by navigating to the Manage Subledger Application Page D. Download the template again with the source system data, add the new event type, and upload the data again

Correct Answer: C

Question 7

Which two actions can you accomplish for a registered source system?

A. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet. B. Add new event classes through the user interface. C. Revise source Information through the user interface and add more sources. D. Modify the subledger application name as long as thereare no pending accounting entries.

Correct Answer: A,C

Question 8

Which three worksheets are a part of the source system Registration Spreadsheet Template? Choose Three

A. Line Information B. Accounting Method Information C. Metadata Information D. Source System E. Transaction Information

Correct Answer: A,D,E

Question 9

What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A. Accounting Unit Commit Size B. Buffer Unit Size C. Processing Unit Size D. Virtual Machine Processing Size

Correct Answer: C

Oracle Accounting Hub Cloud 2022 Implementation Professional - 1z0-1060-22 Exam Practice Test