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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

A) It is not balanced by balancing segment.
B) It is not balanced by entered amounts.
C) It appears correct.
D) It is not balanced by entered currency.

2. Which is an alternate way to implement a mapping set rule?

A) Define a flexfield rule with conditions.
B) Define an account rule with conditions.
C) Define a lookup type rule with conditions.
D) Define a chart of account rule with conditions.

3. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A) an Oracle Transactional Business Intelligence analysis
B) a predefined Oracle Business Intelligence Publisher report
C) a Smart View Report
D) an Oracle Financial Reporting Studio report

4. Which four options are used to reconcile subledger journal entries?

A) Run the Subledger Accounting Diagnostics report.
B) Run the Subledger Accounting Method Setups report.
C) Set up reconciliation using the reconciliation reference accounting attribute.
D) Tag supporting references with journal entry lines.
E) Build a custom OTBI report.
F) Assign a descriptive text and source on journal lines.

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

A) The account override feature is only intended to correct subledger journals that have been posted.
B) The account override feature provides an audit trail by preserving the original subledger journal entry.
C) The account override feature allows users to record a reason for the adjustment.
D) The account override feature adjusts the original source transaction.

Solutions: