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1z0-1060-22 Questions and Answers

Question # 1

Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?


Specify Ledger Options


Manage Accounting Attribute Assignments


Manage Reporting Currencies


Manage Subledger Accounting Options

Question # 2

Given the business use case:

'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?


Assign it to an accounting method.


Assign it to an account rule.


Assign it to a transaction type.


Assign it to an accounting attribute.

Question # 3

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?


Build a new data warehouse solution.


Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.


Request support team to download subledger Journal entry data.


Run predefined reports and filter the report with the available report parameters.

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