Free Oracle 1D0-1060-24-D Exam Questions

Become Oracle Certified with updated 1D0-1060-24-D exam questions and correct answers

Page: 1 / 18

Total 90 Questions | Updated On: May 04, 2024

Add To Cart

Question 1

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 inthe 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, 'NewTrucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.

How can the automatic recognition of insurance income be implemented in AccountingHub Cloud?

A : t up multiperiod accounting journal lines.

B : t up a transaction line reversal.

C : eate an adjustment journal entry.

D : t up automatic Journal line reversal.

Answer: A

Question 2

Which two can you use to view supporting reference balances?

A : the Supporting Reference Balance Inquiry page.

B : bmit the standard Supporting Reference Balances Report.

C : Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.

D : Business Intelligence Publisher to build a custom report.

Answer: A,C

Question 3

What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

A : porting Sequence

B : counting Sequence

C : urnal Entry Sequence

D : cument Sequence

Answer: B

Question 4

A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.

What is the solution to implement this requirement quickly?

A : ild a new data warehouse solution.

B : ild a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.

C : quest support team to download subledger Journal entry data.

D : n predefined reports and filter the report with the available report parameters.

Answer: B

Question 5

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 andloss 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.

How do you set up an account rule that is based on leased and owned trucks?

A : t up a mapping set rule.

B : t up a lookup value.

C : t up a value set rule.

D : t up an account source in the source system file and derive the value

Answer: A

Page: 1 / 18

Total 90 Questions | Updated On: May 04, 2024

Add To Cart