Free Oracle 1Z0-1060-25 Exam Questions

To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views. What are the tables or views called?

Which two actions can you accomplish for a registered source system? 

A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud. Which THREE points should you remember while registering the source system for the organization?

Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep in their source system. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company. According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?

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?