Free Oracle 1Z0-1019 Exam Dumps Questions & Answers

'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 for slicing and dicing the journal entries.
Insurance premium Is 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.Deferral and Recognition
• B.Offsets and Recognition
• C.Multiperiod and Recognition
• D.Reversal and Recognition

Invoices received from a source system need to use a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?

• A.Create a 30 account combination rule with a condition of expense type.
• B.Create two journal line rules with a condition of supplier type.
• C.Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
• D.Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.

What attribute of a subledger journal entry is NOT transferred to GL?

• A.Accounted amounts
• B.Accounting class
• C.Supporting references
• D.Accounting lines

'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 for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

• A.Recurring Journal class
• B.Multiperiod class
• C.Accounting class
• D.Recognition Journal class

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