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Oracle 1Z0-1060-21 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 'Insurances for Homes' company provide home insuranceservice. 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 premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Multiperiod and Recognition
B) Reversal and Recognition
C) Deferral and Recognition
D) Offsets and Recognition

2. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Virtual Machine Processing Size
B) Accounting Unit Commit Size
C) Buffer Unit Size
D) Processing Unit Size

3. What can you override in a completed subledger journal entry?

A) the descriptions
B) the supporting Information
C) the amounts
D) the account

4. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?

A) User Transaction Identifier
B) Source System Identifier
C) Attribute Identifier
D) System Identifier

5. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Reporting Sequence
B) Accounting Sequence
C) Document Sequence
D) Journal Entry Sequence

Solutions: