Online 1D0-1060-24-D Practice Test

Question 1

Which two can you use to view supporting reference balances?

Options :

A : Use the Supporting Reference Balance Inquiry page.

B : Submit the standard Supporting Reference Balances Report.

C : Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.

D : Use Business Intelligence Publisher to build a custom report.

Answer: A,C

Question 2

Given the business 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 andloss 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.

How do you set up an account rule that is based on leased and owned trucks?

Options :

A : Set up a mapping set rule.

B : Set up a lookup value.

C : Set up a value set rule.

D : Set up an account source in the source system file and derive the value

Answer: A

Question 3

What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

Options :

A : ERP Integration Service

B : Oracle Web Center Content Client Command line tool

C : Oracle Virtual Web Center Services

D : Oracle UCM Web Services

Answer: C

Question 4

Given the business 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 inthe 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, 'NewTrucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.

How can the automatic recognition of insurance income be implemented in AccountingHub Cloud?

Options :

A : Set up multiperiod accounting journal lines.

B : Set up a transaction line reversal.

C : Create an adjustment journal entry.

D : Set up automatic Journal line reversal.

Answer: A

Question 5

Which statement is true about accounting transformation?

Options :

A : It is the process of converting transaction or activities from any source systems into journal entries.

B : It allows recording of transaction directly in the registration third-party source system.

C : It is used to build approval rules for transaction recorded in third party source system.

D : It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.

Answer: A

EXPERTY DESIGNED 1D0-1060-24-D PRACTICE TEST