Free Oracle 1z0-1060-22 Exam Dumps Questions & Answers

Given the business use case:
'New Trucks' runs a fleetof 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?

• A.TransactionDate
• B.Customer Number
• C.Company
• D.Truck Type

While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

• A.The account rule does not return any valid account value.
• B.The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
• C.The account rule is defined with a different chart of accounts from the journal entry rule set.
• D.The account rule is defined with conditions that are not allowing the assignment.

'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.

• A."Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
• B."Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
• C."Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date" "Effective Date") + 1)
• D."Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")

Which task in the Setup and Maintenance work area is used to download the template for registering a source system in the Accounting Hub Cloud?

• A.Manage Configuration Packages
• B.Update Subledger Accounting Options
• C.Create Subledger Application Setups in the Spreadsheet
• D.Manage Subledger Application

What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

• A.Source System and Line Information
• B.Source System and Transaction Information
• C.Source System, Transaction Information, and Line Information
• D.Source System