Oracle
1Z0-1060-23
Oracle Accounting Hub Cloud 2023 Implementation
Professional
QUESTION & ANSWERS
https://www.genuinedumps.com/1Z0-1060-23-exam-questions.html
QUESTION 1
Which transaction source is used to link transaction header and line information?
A.
B.
C.
D.
Transaction Key
Transaction Type
Transaction Date
Transaction Number
Correct Answer: D
QUESTION 2
Your customer has decided to implement Accounting Hub to generate journal entries for one of their
billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?
A.
B.
C.
D.
Supporting reference without balance using Account Manager as a source.
Supporting reference with balance using Account Manager as a source.
Description rule with Revenue Amount as a source.
Description rule with Account Managers as a source.
Correct Answer: B
QUESTION 3
Where do you define the currency conversion type to be used in converting accountedamount for
reporting currency ledger?
A.
B.
C.
D.
Specify Ledger Options
Manage Accounting Attribute Assignments
Manage Reporting Currencies
Manage Subledger Accounting Options
Correct Answer: B
QUESTION 4
Based on a unique combination of which two components is a new standard Balance cube
automatically created for a primary or secondary ledger?
https://www.genuinedumps.com/1Z0-1060-23-exam-questions.html
A.
B.
C.
D.
Chart of account and calendar.
Chart of account and currency.
Calendar and currency.
Chart of account and convention.
Correct Answer: A
QUESTION 5
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 accountingrules to be shared?
A.
B.
C.
D.
One subledger for the 3 Loan systems and one subledger for Insurance.
One subledger for each source system.
One subledger for all 4 source systems.
One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and
Insurance.
Correct Answer: A,B
QUESTION 6
What is theterminology that is used to refer to the number of transactions processed by Create
Accounting in one commit cycle?
A.
B.
C.
D.
Virtual Machine Processing Size
Accounting Unit Commit Size
Buffer Unit Size
Processing Unit Size
Correct Answer: D
QUESTION 7
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
thirdparties 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.
https://www.genuinedumps.com/1Z0-1060-23-exam-questions.html
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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
A.
B.
C.
D.
Enable intercompany balancing option
Enable balancing rules
Enable legal entity rule
Enable chart of accounts rule
Correct Answer: A
QUESTION 8
Which is an alternate way to implement a mappingset rule?
A.
B.
C.
D.
Define a chart of account rule with conditions.
Define a lookup type rule with conditions.
Define a flexfield rule with conditions.
Define an account rule with conditions.
Correct Answer: D
QUESTION 9
What is the maximum length for a name of a transaction type in the Source System Transaction
worksheet?
A.
B.
C.
D.
25.
40.
20.
30.
Correct Answer: D
https://www.genuinedumps.com/1Z0-1060-23-exam-questions.html