1Z0-1060 Exam Dumps | 'Insurances for Homes' company provide home insurance service. They have in house built system that processes

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Oracle Accounting Hub Cloud 2019 Implementation Essentials
Oracle.1z0-1060.v2019-10-07.q30
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Question 6/30

'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. Multiperiod class

C. Accounting class

D. Recurring Journal class

Correct Answer: B

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Question List (30q): 1 commentQuestion 1: Given the business requirement in the use case: 'New Trucks'...; Question 2: The new billing source system has been registered into Accou...; Question 3: After registering a new source system into Accounting Hub an...; Question 4: Which three duty roles are required to perform Accounting Hu...; Question 5: There is a business requirement to display supporting inform...; Question 6: 'Insurances for Homes' company provide home insurance servic...; Question 7: You are implementing Fusion Accounting Hub for your external...; Question 8: What feature is NOT provided by Fusion Accounting Hub Report...; Question 9: Invoices received from a source system need to use a specifi...; Question 10: What attribute of a subledger journal entry is NOT transferr...; Question 11: What is the duty role that needs to be assigned for authoriz...; Question 12: What is the terminology that is used to refer to the number ...; Question 13: What are all the tabs that are available to be completed in ...; Question 14: What is NOT included in the minimum required accounting attr...; Question 15: How do you enable diagnostics on subledger transaction sourc...; 1 commentQuestion 16: What can you override in a completed subledger journal entry...; Question 17: What is the key attribute that is used to query journal entr...; Question 18: Given the business use case: 'New Trucks' runs a fleet of tr...; Question 19: What are the tables or views from which the Create Accountin...; Question 20: A financial analyst at your workplace would like to frequent...; Question 21: Given the business use case: 'New Trucks' runs a fleet of tr...; Question 22: While creating a journal entry rule set you are NOT able to ...; Question 23: In the process of analyzing data from a source system you fi...; Question 24: Given the business use case: 'New Trucks' runs a fleet of tr...; Question 25: 'Insurances for Homes' company provide home insurance servic...; Question 26: A customer has a business requirement to provide additional ...; Question 27: Which four options are used to reconcile subledger journal e...; Question 28: Given the business use case: 'New Trucks' runs a fleet of tr...; Question 29: What is the required date format used to import accounting t...; Question 30: A customer's business requirement demands a more granular vi...

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