Oracle 1z0-1060-22 Actual Tests : Oracle Accounting Hub Cloud 2022 Implementation Professional

Walking into the 1z0-1060-22 exam cold is a risk you do not need to take. The Actual4test test engine simulates the real exam environment, letting you rehearse the Oracle Accounting Hub Cloud 2022 Implementation Professional experience with 89 timed practice questions.

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Common Questions Candidates Ask About 1z0-1060-22

Oracle Accounting Hub Cloud 2022 Implementation Professional Sample Questions:

Question 1

You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A. Run the Accounting Events DiagnosticReport.
B. Submit the Accounting Event Diagnostics process.
C. Run Create Accounting again to generate journal entries for the events that ended in error.
D. Set the "SLA: Diagnostics Enabled" profile option.

Question 2

Your customer has decided to implement Accounting Hub to generate journal entries for one of their billing systems. They want to track the revenue amounts generated by each of the account managers.
What must they define to meet this requirement?

A. Description rule with Revenue Amount as a source.
B. Supporting reference without balance using Account Manager as a source.
C. Supporting reference with balance using Account Manager as a source.
D. Description rule with Account Managers as a source.

Question 3

Given the business use case:
'New Trucks' runs a fleet of 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 and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company 'Fix Trucks' that maintains its own profit andloss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you set up an account rule that is based on leased and owned trucks?

A. Set up an account source in the source system file and derive the value.
B. Set up a lookup value.
C. Set up a value set rule.
D. Set up a mapping set rule.

Question 4

Which two statements are true about the Accounting Hub Cloud?

A. It does not allow publishing output files to PeopleSoft General Ledgers
B. It has a robust Accounting Engine which allows you to configure accounting rules
C. Integration of information into the Accounting Hub Cloud is restricted to a maximum of three source systems
D. It brings together disparate accounting systems into a centrally-accessible source of truth

Question 5

Which two actions can you accomplish for a registered source system?

A. Add new event classes through the user interface.
B. Modify the subledger application name as long as thereare no pending accounting entries.
C. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
D. Revise source Information through the user interface and add more sources.

Solutions: