Online Access Free 1Z0-1060-20 Exam Questions

Which three are mandatory transaction source information?

• A.Transaction Number
• B.Distribution Link
• C.Transaction Date
• D.Ledger Name
• E.Transaction Line

'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 for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

• A.Multiperiod class
• B.Recognition Journal class
• C.Recurring Journal class
• D.Accounting class

Which is an alternate way to implement a mapping set rule?

• A.Define a chart of account rule with conditions.
• B.Define a lookup type rule with conditions.
• C.Define an account rule with conditions.
• D.Define a flexfield rule with conditions.

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?

• A.One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
• B.One subledger for the 3 Loan systems and one subledger for Insurance.
• C.One subledger for each source system.
• D.One subledger for all 4 source systems.

What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

• A.Use Oracle OTBI tool.
• B.Use Oracle ERP Integration tool.
• C.Use PaaS tools, for example, ICS - to perform ETL tasks.
• D.Use a web service tool.