Free Oracle 1Z1-1060 Exam Dumps Questions & Answers

What is the key attribute that is used to query journal entries of a registered source system?

• A.  Accounting Date
• B.  Journal Source
• C.  Transaction Date
• D.  Ledger Name

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

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

What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

• A.  Buffer Unit Size
• B.  Virtual Machine Processing Size
• C.  Accounting Unit Commit Size
• D.  Processing Unit Size

'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. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

• A.  Offsets and Recognition
• B.  Multiperiod and Recognition
• C.  Deferral and Recognition
• D.  Reversal and Recognition

How do you enable diagnostics on subledger transaction sources?

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