Printable PDFOracle 1Z0-1060-22 Exam Questions & Answers
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Vendor: Oracle
Exam Code: 1Z0-1060-22
Exam Name: Oracle Accounting Hub Cloud 2022 Implementation Professional
Certification Provider: Oracle
Total Questions: 60 Q&A ( View Details)
Updated on: Mar 27, 2025
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1Z0-1060-22 Online Practice Questions and Answers
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
A. Summarize by GL Date
B. Summarize by GL Period
C. Group by GL Date
D. Transfer in Details
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 there are 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.
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 and loss 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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?
A. Two primary ledgers
B. One primary ledger
C. One primary, one secondary ledger
D. One primary, one repotting currency ledger
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