Free Oracle 1Z0-1060 Exam Questions (page: 6)

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 Journal line?

  1. Assign a custom formula.
  2. Assign an accounting attribute.
  3. You do not need to do anything additional.
  4. Assign a line classification or line type attribute.

Answer(s): B



What attribute of a subledger journal entry is NOT transferred to GL?

  1. Accounting class
  2. Accounting lines
  3. Accounted amounts
  4. Supporting references

Answer(s): B



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

  1. Reporting Sequence
  2. Accounting Sequence
  3. Journal Entry Sequence
  4. Document Sequence

Answer(s): B



You need to build a complex account rule. Which four value types can you use in your definition?

  1. Value Set
  2. Constant
  3. Existing Account Rule
  4. Account Combination
  5. Mapping Set
  6. Source

Answer(s): A,B,C,F



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