Free Oracle 1Z1-1060 Exam Dumps Questions & Answers

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?

• A.  Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
• B.  Use Supporting References to capture customer classification information.
• C.  Use the Third Party Control Account feature.
• D.  Use the Open Account Balances Listing report that has balances by customer.

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.
What wil the typical transaction information be at the header level?

• A.  Amount
• B.  Currency
• C.  Line Type
• D.  Customer Number

Which three are mandatory transaction source information?

• A.  Ledger Name
• B.  Transaction Line
• C.  Transaction Number
• D.  Distribution Link
• E.  Transaction Date

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.  Transfer in Details
• B.  Group by GL Date
• C.  Summarize by GL Period
• D.  Summarize by GL Date

In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

• A.  Use a custom formula in a journal line rule to derive amounts.
• B.  Use a custom formula in a supporting reference to derive amounts.
• C.  Use a custom formula in a description rule to derive amounts.
• D.  Use a custom formula in an account rule to derive amounts.