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1z0-1060-20 – Oracle Accounting Hub Cloud 2020 Implementation Essentials

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Showing 4–6 of 10 questions

Question 4

Which four options are used to reconcile subledger journal entries?

Select all that apply, then click Submit answer.

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    Set up reconciliation using the reconciliation reference accounting attribute.
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    Assign a descriptive text and source on journal lines.
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    Run the Subledger Accounting Method Setups report.
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    Tag supporting references with journal entry lines.
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    Build a custom OTBI report.
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    Run the Subledger Accounting Diagnostics report.
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 accounting rules to be shared?

Select all that apply, then click Submit answer.

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    One subledger for the 3 Loan systems and one subledger for Insurance.
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    One subledger for each source system.
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    One subledger for all 4 source systems.
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    One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
Question 6

Given the business requirement in the 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 third parties 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. 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 are the key transaction types mentioned in the use case?

Select an option, then click Submit answer.

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    Pay Insurance and Control Truck Services
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    Initiate Truck Rentals Contract and Pay Truck Maintenance
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    Purchase Trucks and Deploy Trucks
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    Purchase Trucks and Pay Out Trucks