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1z0-1060-22 – Oracle Accounting Hub Cloud 2022 Implementation Professional

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Showing 4–6 of 10 questions

Question 4

Which four components are related to the Accounting Hub?

Select all that apply, then click Submit answer.

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    General Ledger
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    Accounting Transformations
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    Financial Reporting
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    Sub Ledgers
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    Outbound Integration
Question 5

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 OTBIreport.
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    Run the Subledger Accounting Diagnostics report.
Question 6

'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 forslicing 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 twodates.

Select an option, then click Submit answer.

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