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Vendor: Oracle
Exam Code: 1Z0-1060-22
Exam Name: Oracle Accounting Hub Cloud 2022 Implementation Professional
Certification: Oracle Financials Cloud
Total Questions: 60 Q&A
Updated on: Dec 18, 2024
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You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
A. The rule is built using a value set source.
B. The source does not return any value; therefore the rule is not displayed.
C. The rule is built using a line level source.
D. The rule is built using a custom source.
What attribute of a subledger journal entry is NOT transferred to GL?
A. Accounting class
B. Accounting lines
C. Accounted amounts
D. Supporting references
'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
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