Oracle Accounting Hub Cloud 2021 Implementation Essentials : 1Z0-1060-21 valid dumps

1Z0-1060-21 real exams

Exam Code: 1Z0-1060-21

Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials

Updated: Jan 17, 2025

Q & A: 62 Questions and Answers

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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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


2. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Journal Entry Sequence
B) Reporting Sequence
C) Document Sequence
D) Accounting Sequence


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

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


4. 'Insurances for Homes' company provide home insurance service. They have in-house built system that processes home 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, be able to report and view the entries using an advanced reporting and analytical tools forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.

A) "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
B) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
C) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
D) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)


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

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


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: A

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