File Info
| Exam | Oracle Accounting Hub Cloud Service 2018 Implementation Essentials |
| Number | 1z0-1019 |
| File Name | Oracle.1z0-1019.CertDumps.2019-10-15.30q.vcex |
| Size | 19 KB |
| Posted | Oct 15, 2019 |
| Download | Oracle.1z0-1019.CertDumps.2019-10-15.30q.vcex |
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Demo Questions
Question 1
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?
- Reporting Sequence
- Accounting Sequence
- Journal Entry Sequence
- Document Sequence
Correct answer: B
Question 2
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?
- Add new transaction sources from the user interface.
- Register another source system that includes these new transaction sources.
- Tell them this cannot be implemented.
- Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
Correct answer: C
Question 3
What is the key attribute that is used to query journal entries of a registered source system?
- Ledger Name
- Transaction Date
- Journal Source
- Accounting Date
Correct answer: A
Question 4
Given the business requirement in the use case:
'New Trucks' runs a fileet 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 are the key transaction types mentioned in the use case?
- Pay Insurance and Control Truck Services
- Initiate Truck Rentals Contract and Pay Truck Maintenance
- Purchase Trucks and Deploy Trucks
- Purchase Trucks and Pay Out Trucks
Correct answer: D
Question 5
You need to build a complex account rule. Which four value types can you use in your definition?
- Value Set
- Constant
- Existing Account Rule
- Account Combination
- Mapping Set
- Source
Correct answer: ABCF
Question 6
What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?
- Use Oracle ERP Integration tool.
- Use PaaS tools, for example, ICS - to perform ETL tasks.
- Use Oracle OTBI tool.
- Use a web service too
Correct answer: A
Question 7
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- Accounting Hub Create Accounting Duty Role
- Accounting Hub Import Duty Role
- Accounting Hub Integration Duty Role
- Accounting Hub Create and Post Journal Entry Duty Role
Correct answer: C
Question 8
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
- Use the Open Account Balances Listing report that has balances by customer.
- Use the Third Party Control Account feature.
- Use Supporting References to capture customer classification information.
- Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Correct answer: C
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?
- Create a 30 account combination rule with a condition of expense type.
- 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.
- Create two journal line rules with a condition of supplier type.
- Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
Correct answer: B
Question 10
While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?
- The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
- The account rule is defined with conditions that are not allowing the assignment.
- The account rule does not return any valid account value.
- The account rule is defined with a different chart of accounts from the journal entry rule se
Correct answer: A
