Free Oracle 1z0-1060-24 Exam Dumps Questions & Answers

Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?

• A.You can define a default output value to use when actual input values do not match the mappings
• B.Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
• C.You can use up to 10 transaction or reference attributes as input in a mapping
• D.One mapping set can be used for only one account rule at a time
• E.The mappings can be entered only by using the user interface

You recently created an analysis to review the periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which TWO drill-through options would meet the requirement?

• A.Drill to Detail Balances
• B.Drill to Financial Reporting Center
• C.Drill to Account Inspector
• D.Drill to Account Group

You are explaining to an accountant that account override is an adjustment feature of subledger accounting.
Which two traits can help you explain this?

• A.It enables users to record a reason for the adjustment
• B.It adjusts the original source transaction
• C.It is intended to correct only the subledger journals that have been posted
• D.It provides an audit trail by preserving the original subledger journal entry

Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax.
While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?

• A.Transaction Type
• B.Document Sequence Number
• C.Document Key
• D.Transaction Number

You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?

• A.Three
• B.One
• C.Four
• D.Two