1z0-1060-20 Free Practice Test

Which two can you use to view supporting reference balances?

1. A. Use the Supporting Reference Balance Inquiry page.
2. B. Submit the standard Supporting Reference Balances Report.
3. C. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
4. D. Use Business Intelligence Publisher to build a custom report.

Correct Answer: AC

'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.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.

1. A. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
2. B. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
3. C. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date" "Effective Date") + 1)
4. D. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")

Correct Answer: D

What is a user job role data context assignment?

1. A. Security privileges assignment to a user job role
2. B. Security data role context assignment to a user job role
3. C. Security data access context assignment to a user job role
4. D. Duty role context assignment to a user

Correct Answer: C

What is the required date format used to import accounting transactions to Accounting Hub Cloud?

1. A. The user can customize the date format
2. B. MM-DD-YYYY
3. C. DD-MON-YYYY
4. D. YYYY-MM-DD

Correct Answer: D

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?

1. A. Build a new data warehouse solution.
2. B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
3. C. Request support team to download subledger Journal entry data.
4. D. Run predefined reports and filter the report with the available report parameters.

Correct Answer: B