Oracle 1Z0-1060-24 Quiz 1 Topic 3 Questions 1-5

Question: 1

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?

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

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

C3:5{3:5}3:5

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

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Question: 2

Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. Your customer wants to know the changes that are allowed after registering a source system.

Which THREE actions can be performed after registering a source system?

AModify the subledger application name as long as there are no pending accounting entries

BAssign and update value set and lookup type assignments to sources

CRevise source names and add more sources through the user interface

DAssign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers

EAdd new event classes through the user interface

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Question: 3

Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteri

a. You decide to set up three account rules to achieve this requirement.

Which THREE rule types are available for building account rules?

ALookup type

BValue set

CSegment

DMapping set

EAccount combination

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Question: 4

Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.

Which reporting tool would you suggest?

AOracle Transactional Business Intelligence

BAccount Groups and Sunburst

CFinancial Reporting Studio

DSmart View

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Question: 5

Your client organization deals in providing loans to its customers. You are appointed as a consultant to implement Oracle Fusion Cloud Accounting Hub to standardize the accounting process. Your client has a requirement to retrieve the segment values for the debit and credit side of journal entries based on different criteri

a. You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as the input source. Your client wants the values to be validated from a list while creating the input and output mappings.

Which two options allow the validation of input values on mapping sets?

AValue sets

BSegment values

CChart of accounts segment

DLookup types

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Oracle 1Z0-1060-24 Quiz:1 Topic:3 Questions:1-5