Pass the Oracle Oracle Financials Cloud 1z0-1060-25 Questions and answers with CertsForce

Viewing page 1 out of 2 pages
Viewing questions 1-10 out of questions
Questions # 1:

Challenge 3: Manage User Define Formulas

TASK

Create User Defined Formula for Admin Charges

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement


Questions # 2:

Challenge 1: Manage Journal Line Rule

TASK

Create 2 Journal Line Rule

Interest Receivable

Interest Income

Subledger Application: AHC Loan

Process Category: AHC Loan

Event Class: AHC Loan

Event Type: Loan Origination, Interest Accrual, Payment


Questions # 3:

Challenge 4: Manage Description Rule

TASK

Create Description Rule

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement


Questions # 4:

Challenge 2: Manage Account Rule

TASK

Create Account Rule with 3 priorities

Name of Account Rule: Revenue Account

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement


Questions # 5:

You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.

Which formula should be used on row number 6 to calculate the sum?

Options:

A.

[3;5][3;5][3;5]


B.

[3,5][3,5][3,5]


C.

3:5{3:5}3:5


D.

[3:5][3:5][3:5]


Questions # 6:

The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.

Insurance premium is to be recognized as income across the coverage period of the insurance policy.

Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?

Options:

A.

Deferral and Recognition


B.

Reversal and Recognition


C.

Multiperiod and Recognition


Questions # 7:

Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.

You decide to use the mapping sets functionality to fulfill this requirement.

Which THREE statements are true about using mapping sets?

Options:

A.

Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.


B.

The mappings can be entered only by using the user interface


C.

You can define a default output value to use when actual input values do not match the mappings


D.

One mapping set can be used for only one account rule at a time


E.

You can use up to 10 transaction or reference attributes as input in a mapping


Questions # 8:

Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax.

While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?

Options:

A.

Document Key


B.

Transaction Number


C.

Document Sequence Number


D.

Transaction Type


Questions # 9:

A manual subledger journal did not reverse. What could be the reason for this?

Options:

A.

The next accounting period was future-enterable


B.

The Create Accrual Reversal Accounting process had run and completed with no errors


C.

The next accounting period was open


D.

The Reverse Accrual On field was left null


Questions # 10:

You are tasked with identifying the reason for a user from your client organization not being able to submit the job that imports the transaction data for accounting and posting in General Ledger.

You realize that a duty role needs to be associated with a job role for authorizing the access to import the accounting transactions process.

Which duty role would you suggest?

Options:

A.

Accounting Hub Import Duty Role


B.

Accounting Hub Create and Post Journal Entry Duty Role


C.

Accounting Hub Create Accounting Duty Role


D.

Accounting Hub Integration Duty Role


Viewing page 1 out of 2 pages
Viewing questions 1-10 out of questions