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Free Oracle 1Z0-1060-20 Exam Braindumps (page: 3)

Page 3 of 23
PDF with 88 Questions

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 will the typical transaction information be at the header level?

  1. LineType
  2. Currency
  3. Amount
  4. Customer Number

Answer(s): D



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

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

Answer(s): C,D



A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems. Which two implementations allow similar accounting rules to be shared?

  1. One subledger for the 3 Loan systems and one subledger for Insurance.
  2. One subledger for each source system.
  3. One subledger for all 4 source systems.
  4. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.

Answer(s): A,B



A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledger. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps 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?

  1. Activate the journal entry rule set.
  2. Activate the accounting method.
  3. There is no required action. The mapping addition is complete.
  4. Download a new transaction data template.

Answer(s): C



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