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 * How to Pass the 1Z0-1060-22 Exam 2022?


HOW TO PASS THE 1Z0-1060-22 EXAM 2022?


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QUESTION: 1


 

'Insurances for Homes' company provide home insurance service. They have
in-house built system that processes home insurance payments received from
customers. The end result of the process consists of a listing of individual
journal entries in a spreadsheet. They have requirements for getting all journal
entries in a secure and auditable repository. Access will be limited to
selective staff members. Additionally, be able to report and view the entries
using an advanced reporting and analytical tools for slicing and dicing the
journal entries.

Insurance premium Is to be recognized as income across the coverage period of
the insurance policy. What are the two types of journal lines that need to be
set up to generate recurring journal entries for insurance premium in each
accounting period?

A. Offsets and Recognition
B. Deferral and Recognition
C. Reversal and Recognition
D. Multiperiod and Recognition


Answer : B

 


QUESTION: 2

 
What is NOT included in the minimum required accountingattribute assignments?

A. Second Distribution Identifier
B. First Distribution Identifier
C. Distribution Type
D. Accounting Date
 
Answer: A


QUESTION: 3

 
Which three duty roles are required to perform Accounting Hub setup tasks?
 
A. Accounting Hub Maintenance
B. Subledger Accounting Manager
C. Accounting Hub Administration
D. Application Implementation Consultant
E. Accounting Hub Integration


 
Answer: B,D,E
 


QUESTION: 4

 

A financial analyst at your workplace would like to frequently view Journal
entries report with all line details attributes with user's specific set of
criteria and pivot table.
What is the solution to implement this requirement quickly?

A. Build a new data warehouse solution.
B. Build a custom Oracle Transactional Business Intelligence report on subledger
accounting subject areas.
C. Request support team to download subledger Journal entry data.




D. Run predefined reports and filter the report with the available report
parameters.

 
Answer: B


QUESTION: 5


 

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 wil the typical transaction information be at the header level?

A. LineType
B. Currency
C. Amount
D. Customer Number

 
Answer: D


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CLAIM PODCAST - THE JOE ROGAN EXPERIENCE

Full Name
Email address
Please make sure you are a registered user of podcasts.com, in case you do not
already have an account please create one here.
Website url
iTunes url
Facebook url
Twitter url
Message

Upon clicking submit, our team will review your request to claim this podcast.
If approved, your user profile will automatically have this podcast within it
for you to manage going forward. Typically turnaround time is 1 - 2 business
days.

Submit




REMOVE PODCAST - THE JOE ROGAN EXPERIENCE

Full Name
Email address

OWNER

Select if your are owner of this podcast? Yes, I am an owner of this podcast
No, I am not an owner of this podcast
REASON FOR REMOVAL
I understand that if my removal request is approved, the entire podcast and all
episodes will be deleted from our directory. This action cannot be reversed, and
the podcast will no longer receive free traffic, exposure, and potential
subscribers from our platform.

Upon clicking submit, our team will review your request to remove this podcast.
If your request is approved, this podcast will be removed from our directory.
Typical turnaround time is 1 - 2 business days.

Submit