Free PDF Oracle - 1z0-1060-22 - Reliable Exam Dumps Oracle Accounting Hub Cloud 2022 Implementation Professional Demo

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To take the Oracle 1z0-1060-22 exam, candidates must have a strong understanding of financial concepts and accounting principles. They should also have experience with Oracle Financials Cloud and a good understanding of the Accounting Hub Cloud architecture. The exam consists of 60 multiple-choice questions, and candidates have 120 minutes to complete the exam. The passing score for the 1z0-1060-22 exam is 63%.

The Oracle Accounting Hub Cloud is a comprehensive financial management solution that enables organizations to streamline their accounting processes, improve data accuracy, and reduce costs. It provides a centralized platform that integrates with other Oracle Cloud applications and third-party financial systems to ensure data consistency across the enterprise. The Oracle Accounting Hub Cloud 2022 Implementation Professional certification exam is an excellent opportunity for finance and accounting professionals to validate their skills and demonstrate their expertise in implementing and integrating the Accounting Hub Cloud solution.

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Oracle Accounting Hub Cloud 2022 Implementation Professional Sample Questions (Q83-Q88):

NEW QUESTION # 83
Which three are mandatory transaction source information?

A. Distribution Link
B. Transaction Date
C. Transaction Line
D. Ledger Name
E. Transaction Number

Answer: B,D,E

NEW QUESTION # 84
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 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A. Enable chart of accounts rule
B. Enable balancing rules
C. Enable legal entity rule
D. Enable intercompany balancing option

Answer: D

NEW QUESTION # 85
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

A. Accounting Sequence
B. Reporting Sequence
C. Document Sequence
D. Journal Entry Sequence

Answer: A

NEW QUESTION # 86
You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?

A. The account override feature provides an audit trail by preserving the original subledger journal entry.
B. The account override feature is only intended to correct subledger journals that have been posted.
C. The account override feature allows users to record a reason for the adjustment.
D. The account override feature adjusts the original source transaction.

Answer: A,C

NEW QUESTION # 87
A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A. There is no required action. The mapping addition is complete.
B. Download a new transaction data template.
C. Activate the accounting method.
D. Activate the journal entry rule set.

Answer: A

NEW QUESTION # 88
......

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