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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

Question 1

What is the key attribute that is used to query journalentries of a registered source system?

A. Ledger Name
B. Accounting Date
C. Transaction Date
D. Journal Source

Question 2

A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value thatmaps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A. Activate the journal entry rule set.
B. Download a new transaction data template.
C. Activate the accounting method.
D. There is no required action. The mapping addition is complete.

Question 3

While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A. The account rule does not return any valid account value.
B. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
C. The account rule is defined with a different chart of accounts from the journal entry rule set.
D. The account rule is defined with conditions that are not allowing the assignment.

Question 4

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

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

Solutions: