Free Oracle Accounting Hub Cloud 2021 Implementation Essentials Exam 1Z0-1060-21 Exam Practice Test

A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table. What is the solution to implement this requirement quickly?

• Build a new data warehouse solution.
• Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
• Request support team to download subledger Journal entry data.
• Run predefined reports and filter the report with the available report parameters.

A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report. How can you meet this requirement?

• Use either Account Monitor or Account Inspector to getrequired Information.
• Build a Financial Reporting Studio report that includes all dimensions.
• Build an OTBI analysis that includes a relevant subject area.
• Create a Smart View report using the query designer feature.

What is the key attribute that is used to query journalentries of a registered source system?

• Ledger Name
• Transaction Date
• Journal Source
• Accounting Date

How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?

• Two
• One
• Three
• Unlimited

Which two options allow validating input values on mapping sets?

• Segment values
• Lookup types
• Value sets
• Chart of accounts segment

'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.

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

Which two can you use to view supporting reference balances?

• Use the Supporting Reference Balance Inquiry page.
• Submit the standard Supporting Reference Balances Report.
• Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting Supporting Reference Real Time subject area.
• Use Business Intelligence Publisher to build a custom report.

You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

• Value Set
• Constant
• Existing Account Rule
• Account Combination
• Mapping Set
• Source

What is NOT included in the minimum required accountingattribute assignments?

• Second Distribution Identifier
• First Distribution Identifier
• Distribution Type
• Accounting Date

What can you override in a completed subledger journal entry?

• the amounts
• the descriptions
• the account
• the supporting Information