1Z0-1060-22 Online Practice Questions and Answers

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.

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 action. The mapping addition is complete.

D. Download a new transaction data template.

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.

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

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

How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

A. Two

B. One

C. Three

D. Unlimited

Given the business requirement in the use case:

'New Trucks' runs a fleet 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?

A. Pay Insurance and Control Truck Services

B. Initiate Truck Rentals Contract and Pay Truck Maintenance

C. Purchase Trucks and Deploy Trucks

D. Purchase Trucks and Pay Out Trucks

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 Report.

Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.

At what level can you override the default accounting attribute assignment?

A. Journal Entry

B. Journal Entry Rule Set

C. Event Class

D. Journal Line Rule

E. Event Type

Which transaction source is used to link transaction header and line information?

A. Transaction Key

B. Transaction Type

C. Transaction Date

D. Transaction Number