Highest Quality 1z0-1019 Questions Pool 2021

NEW QUESTION 1
Which three are mandatory transaction source information?

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

Answer: ABE

NEW QUESTION 2
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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

• A. Set up multiperiod accounting journal lines.
• B. Set up a transaction line reversal.
• C. Create an adjustment journal entry.
• D. Set up automatic Journal line reversa

Answer: A

NEW QUESTION 3
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 4
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?

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

Answer: A

NEW QUESTION 5
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

• A. Specify Ledger Options
• B. Manage Accounting Attribute Assignments
• C. Manage Reporting Currencies
• D. Manage Subledger Accounting Options

Answer: B

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
'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

Answer: D

NEW QUESTION 8
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: A

NEW QUESTION 9
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 10
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 11
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 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
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 14
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 15
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 16
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

• A. Use either Account Monitor or Account Inspector to get required Information.
• B. Build a Financial Reporting Studio report that includes all dimensions.
• C. Build an OTBI analysis that includes a relevant subject area.
• D. Create a Smart View report using the query designer featur

Answer: A

NEW QUESTION 17
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 attribut

Answer: B

NEW QUESTION 18
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: BDE

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 calculate discounts for use in the accounting rule?

• A. Use filexfield
• B. Use custom formulas
• C. Use mapping set rules
• D. Use analytical calculations

Answer: C

NEW QUESTION 20
Which two can you use to view supporting reference balances?

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

Answer: CD

NEW QUESTION 21
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

• A. transfer Balances to FAH Reporting Cloud Service
• B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
• C. upload transaction data into FAH Reporting Cloud Service
• D. provide real-time visibility to financial reports in FAH Reporting Cloud Service

Answer: A

NEW QUESTION 22
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