Purchase Oracle : 1Z0-1060-21 Exam Materials and then pass exam easily
Updated: Sep 03, 2025
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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
1. Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance 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 manyledgers are required to be set up?
A) One primary ledger
B) One primary, one repotting currency ledger
C) Two primary ledgers
D) One primary, one secondary ledger
2. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?
A) a Smart View Report
B) a predefined Oracle Business Intelligence Publisher report
C) an Oracle Transactional Business Intelligence analysis
D) an Oracle Financial Reporting Studio report
3. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
A) Change the transaction data file.
B) Register it as a new source system.
C) Add this as a new transaction type into existing registered subledger from the user interface.
D) Add this as a new transaction typo into existing subledger registration spreadsheet template.
4. 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 theentered amounts for the line.
What is the solution to implement this requirement?
A) define line description rule with condition
B) define journal entry rule set with condition
C) define journal line rules with conditions
D) define user transaction lineidentifier
5. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?
A) Mapping Set
B) Constant
C) Value Set
D) Account Combination
E) Existing Account Rule
F) Source
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B,C | Question # 4 Answer: A | Question # 5 Answer: A,B,E,F |
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