Free Oracle 1Z0-1019 Exam Dumps Questions & Answers

To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

• A.  Conversion type and conversion date
• B.  Conversion type
• C.  Conversion date and conversion rate
• D.  Conversion type, conversion date and conversion rate

'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 for slicing 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 two dates.

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

Which transaction source is used to link transaction header and line information?

• A.  Transaction Key
• B.  Transaction Number
• C.  Transaction Date
• D.  Transaction Type

How do you enable diagnostics on subledger transaction sources?

• A.  enable diagnostic profile
• B.  enable diagnostic attribute
• C.  enable transaction debug
• D.  enable diagnostic source

Given the business requirement in the 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.
What are the key transaction types mentioned in the use case?

• A.  Purchase Trucks and Pay Out Trucks
• B.  Purchase Trucks and Deploy Trucks
• C.  Initiate Truck Rentals Contract and Pay Truck Maintenance
• D.  Pay Insurance and Control Truck Services