1z0-1060-25 Latest Test Braindumps, Exam 1z0-1060-25 Fees
1z0-1060-25 Latest Test Braindumps, Exam 1z0-1060-25 Fees
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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions (Q37-Q42):
NEW QUESTION # 37
Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep in their source system. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Event classes
- B. Journal sources
- C. Source systems
- D. Event types
Answer: D
NEW QUESTION # 38
Given the business 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 Trucks" 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. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?
- A. Two primary ledgers
- B. One primary, one secondary ledger
- C. One primary ledger
- D. One primary, one reporting currency ledger
Answer: C
NEW QUESTION # 39
You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?
- A. Three
- B. One
- C. Four
- D. Two
Answer: D
NEW QUESTION # 40
A manual subledger journal did not reverse. What could be the reason for this?
- A. The Create Accrual Reversal Accounting process had run and completed with no errors
- B. The Reverse Accrual On field was left null
- C. The next accounting period was future-enterable
- D. The next accounting period was open
Answer: B
NEW QUESTION # 41
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They decide to implement Accounting Hub to import their transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask for your suggestion about the sharing of accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
- A. Three subledgers; one for home loan and auto loan, second for consumer loan, and third for personal loan
- B. Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.
- C. Four subledgers; one for each source system
- D. One subledger for all four source systems
Answer: D
NEW QUESTION # 42
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