Free Oracle 1Z1-1060 Exam Dumps Questions & Answers

There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?

• A.  define journal line rules with conditions
• B.  define journal entry rule set with condition
• C.  define line description rule with condition
• D.  define user transaction line identifier

You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

• A.  The source does not return any value; therefore the rule is not displayed.
• B.  The rule is built using a value set source.
• C.  The rule is built using a custom source.
• D.  The rule is built using a line level source.

Which four options are used to reconcile subledger journal entries?

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

'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.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

• A.  Accounting class
• B.  Recurring Journal class
• C.  Multiperiod class
• D.  Recognition Journal class

What is the required date format used to import accounting transactions to Accounting Hub Cloud?

• A.  MM-DD-YYYY
• B.  DD-MON-YYYY
• C.  YYYY-MM-DD
• D.  The user can customize the date format