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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

A) Oracle Virtual Web Center Services
B) Oracle Web Center Content Client Command line tool
C) Oracle UCM Web Services
D) ERP Integration Service

2. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Integration
B) Application Implementation Consultant
C) Accounting Hub Administration
D) Accounting Hub Maintenance
E) Subledger Accounting Manager

3. 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 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.
How do you set up an account rule that is based on leased and owned trucks?

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.

4. 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?

A) Pay Insurance and Control Truck Services
B) Initiate Truck Rentals Contract and Pay Truck Maintenance
C) Purchase Trucks and Pay Out Trucks
D) Purchase Trucks and Deploy Trucks

5. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A) upload transaction data into FAH Reporting Cloud Service
B) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
C) transfer Balances to FAH Reporting Cloud Service
D) provide real-time visibility to financial reports in FAH Reporting Cloud Service

Solutions: