Free Oracle 1Z0-1060-24 Exam Questions

Become Oracle Certified with updated 1Z0-1060-24 exam questions and correct answers

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Total 80 Questions | Updated On: Feb 07, 2025
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Question 1

Invoices received from a source system need touse a specific account based on 30 different expense types. However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?


Answer: B
Question 2

What is the required date format used to import accounting transactions to Accounting Hub Cloud?


Answer: D
Question 3

Which FOUR actions can you perform with the help of the Security Console? 


Answer: C,D,E,F
Question 4

You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany. For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segmentspecific rules. How will you achieve this while setting up the journal entry rule set?


Answer: A
Question 5

Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?


Answer: D
Page:    1 / 16      
Total 80 Questions | Updated On: Feb 07, 2025
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