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NEW QUESTION 1
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?
- A. define line description rule with condition
- B. define journal line rules with conditions
- C. define journal entry rule set with condition
- D. define user transaction line identifier
Answer: A
NEW QUESTION 2
You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?
- A. Set the "SLA: Diagnostics Enabled" profile option.
- B. Run Create Accounting again to generate journal entries for the events that ended in error.
- C. Submit the Accounting Event Diagnostics process.
- D. Run the Accounting Events Diagnostic Repor
Answer: A
NEW QUESTION 3
What is the required date format used to import accounting transactions to Accounting Hub Cloud?
- A. The user can customize the date format
- B. MM-DD-YYYY
- C. DD-MON-YYYY
- D. YYYY-MM-DD
Answer: B
NEW QUESTION 4
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System and Line Information
- B. Source System and Transaction Information
- C. Source System
- D. Source System, Transaction Information, and Line Information
Answer: C
NEW QUESTION 5
Given the business 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 would the typical line information be?
- A. Customer Number
- B. Truck Type
- C. Company
- D. Transaction Date
Answer: A
NEW QUESTION 6
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: B
NEW QUESTION 7
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?
- A. Use a custom formula in an account rule to derive amounts.
- B. Use a custom formula in a description rule to derive amounts.
- C. Use a custom formula in a journal line rule to derive amounts.
- D. Use a custom formula in a supporting reference to derive amount
Answer: D
NEW QUESTION 8
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 9
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 correc
Answer: C
NEW QUESTION 10
Which transaction source is used to link transaction header and line information?
- A. Transaction Key
- B. Transaction Type
- C. Transaction Date
- D. Transaction Number
Answer: C
NEW QUESTION 11
Given the business 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 wil the typical transaction information be at the header level?
- A. Line Type
- B. Currency
- C. Amount
- D. Customer Number
Answer: C
NEW QUESTION 12
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- A. Accounting Hub Create Accounting Duty Role
- B. Accounting Hub Import Duty Role
- C. Accounting Hub Integration Duty Role
- D. Accounting Hub Create and Post Journal Entry Duty Role
Answer: C
NEW QUESTION 13
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 adjusts the original source transaction.
- C. The account override feature is only intended to correct subledger journals that have been posted.
- D. The account override feature allows users to record a reason for the adjustmen
Answer: D
NEW QUESTION 14
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. Activate the journal entry rule set.
- B. Activate the accounting method.
- C. There is no required actio
- D. The mapping addition is complete.
- E. Download a new transaction data templat
Answer: D
NEW QUESTION 15
Which is an alternate way to implement a mapping set rule?
- A. Define a chart of account rule with conditions.
- B. Define a lookup type rule with conditions.
- C. Define a filexfield rule with conditions.
- D. Define an account rule with condition
Answer: A
NEW QUESTION 16
Which is used to track a specific transaction attribute on subledger journal entries?
- A. value set rules
- B. lookup value rules
- C. supporting references
- D. account rules
Answer: C
NEW QUESTION 17
What is NOT included in the minimum required accounting attribute assignments?
- A. Second Distribution Identifier
- B. First Distribution Identifier
- C. Distribution Type
- D. Accounting Date
Answer: A
NEW QUESTION 18
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 19
Given the business 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.
How do you set up an account rule that is based on leased and owned trucks?
- A. Set up a mapping set rule.
- B. Set up a lookup value.
- C. Set up a value set rule.
- D. Set up an account source in the source system file and derive the valu
Answer: D
NEW QUESTION 20
Given the business 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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
- A. Enable intercompany balancing option
- B. Enable balancing rules
- C. Enable legal entity rule
- D. Enable chart of accounts rule
Answer: D
NEW QUESTION 21
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: C
NEW QUESTION 22
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