Online Access Free 1Z1-1060 Exam Questions

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

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

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

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

• A.Accounted amounts
• B.Supporting references
• C.Accounting class
• D.Accounting lines

What is the required date format used to import accounting transactions to Accounting Hub Cloud?

• A.DD-MON-YYYY
• B.The user can customize the date format
• C.MM-DD-YYYY
• D.YYYY-MM-DD

Which is used to track a specific transaction attribute on subledger journal entries?

• A.lookup value rules
• B.account rules
• C.value set rules
• D.supporting references