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

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

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Total 90 Questions | Updated On: May 04, 2024

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Question 1

What is the maximum length for a name of a transaction type in the Source System Transaction worksheet?

A : 25.

B : 40.

C : 20.

D : 30.

Answer: D

Question 2

Which statement is true about accounting transformation?

A : is the process of converting transaction or activities from any source systems into journal entries.

B : allows recording of transaction directly in the registration third-party source system.

C : is used to build approval rules for transaction recorded in third party source system.

D : is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.

Answer: A

Question 3

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 sourcecode 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.

How do you calculate discounts for use in the accounting rule?

A : flexfield

B : ecustom formulas

C : mapping set rules

D : analytical calculations

Answer: B

Question 4

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 5

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 : Oracle Financial Reporting Studio report

B : predefined Oracle Business Intelligence Publisher report

C : Oracle Transactional Business Intelligence analysis

D : mart View Report

Answer: C

Page: 1 / 18

Total 90 Questions | Updated On: May 04, 2024

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