Online Access Free 1Z0-1060 Exam Questions

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

After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

• A.Register another source system that includes these new transaction sources.
• B.Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
• C.Add new transaction sources from the user interface.
• D.Tell them this cannot be implemented.

'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.
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 two dates.

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

While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

• A.The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
• B.The account rule is defined with conditions that are not allowing the assignment.
• C.The account rule is defined with a different chart of accounts from the journal entry rule set.
• D.The account rule does not return any valid account value.

Invoices received from a source system need to use a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?

• A.Create two journal line rules with a condition of supplier type.
• B.Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
• C.Create a 30 account combination rule with a condition of expense type.
• D.Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.