1z0-1060-20 | The Up To Date Guide To 1z0-1060-20 Free Demo

NEW QUESTION 1
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

• A. Conversion type and conversion date
• B. Conversion type, conversion date and conversion rate
• C. Conversion date and conversion rate
• D. Conversion type

Answer: C

NEW QUESTION 2
Which three are mandatory transaction source information?

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

Answer: ACD

NEW QUESTION 3
Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

• A. Journal Entry
• B. Journal Entry Rule Set
• C. Event Class
• D. Journal Line Rule
• E. Event Type

Answer: D

NEW QUESTION 4
Which four options are used to reconcile subledger journal entries?

• A. Set up reconciliation using the reconciliation reference accounting attribute.
• B. Assign a descriptive text and source on journal lines.
• C. Run the Subledger Accounting Method Setups report.
• D. Tag supporting references with journal entry lines.
• E. Build a custom OTBI report.
• F. Run the Subledger Accounting Diagnostics report.

Answer: ABDE

NEW QUESTION 5
What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

• A. Virtual Machine Processing Size
• B. Accounting Unit Commit Size
• C. Buffer Unit Size
• D. Processing Unit Size

Answer: D

NEW QUESTION 6
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header. When uploading transactions, which is a way to differentiate each Journal line?

• A. Assign a custom formula.
• B. Assign an accounting attribute.
• C. You do not need to do anything additional.
• D. Assign a line classification or line type attribute.

Answer: D

NEW QUESTION 7
What attribute of a subledger journal entry is NOT transferred to GL?

• A. Accounting class
• B. Accounting lines
• C. Accounted amounts
• D. Supporting references

Answer: D

NEW QUESTION 8
Given the subledger journal entry:

Note that the first segment is the primary balancing segment. Which statement is True regarding this subledger journal entry?

• A. It is not balanced by balancing segment.
• B. It is not balanced by entered currency.
• C. It is not balanced by entered amounts.
• D. It appears correct.

Answer: A

NEW QUESTION 9
Invoices received from a source system need to use 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?

• A. Create a 30 account combination rule with a condition of expense type.
• B. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
• C. Create two journal line rules with a condition of supplier type.
• D. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.

Answer: B

NEW QUESTION 10
What can you override in a completed subledger journal entry?

• A. the amounts
• B. the descriptions
• C. the account
• D. the supporting Information

Answer: C

NEW QUESTION 11
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

• A. Add new transaction sources from the user interface.
• B. Register another source system that includes these new transaction sources.
• C. Tell them this cannot be implemented.
• D. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.

Answer: A

NEW QUESTION 12
'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. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

• A. Recognition Journal class
• B. Recurring Journal class
• C. Accounting class
• D. Multiperiod class

Answer: D

NEW QUESTION 13
Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

• A. User Transaction Identifier
• B. Attribute Identifier
• C. Source System Identifier
• D. System Identifier

Answer: B

NEW QUESTION 14
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

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

Answer: B

NEW QUESTION 15
Which two options allow validating input values on mapping sets?

• A. Segment values
• B. Lookup types
• C. Value sets
• D. Chart of accounts segment

Answer: BC

NEW QUESTION 16
What is a user job role data context assignment?

• A. Security privileges assignment to a user job role
• B. Security data role context assignment to a user job role
• C. Security data access context assignment to a user job role
• D. Duty role context assignment to a user

Answer: C

NEW QUESTION 17
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: CDE

NEW QUESTION 18
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