Oracle 1z0-1019 Free Practice Questions

NEW QUESTION 1
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 2
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 Repor

Answer: A

NEW QUESTION 3
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems. Which two implementations allow similar accounting rules to be shared?

• A. One subledger for the 3 Loan systems and one subledger for Insurance.
• B. One subledger for each source system.
• C. One subledger for all 4 source systems.
• D. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.

Answer: AB

NEW QUESTION 4
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

• A. an Oracle Financial Reporting Studio report
• B. a predefined Oracle Business Intelligence Publisher report
• C. an Oracle Transactional Business Intelligence analysis
• D. a Smart View Report

Answer: B

NEW QUESTION 5
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 6
Which is used to track a specific transaction attribute on subledger journal entries?

• A. value set rules
• B. lookup value rules
• C. supporting references
• D. account rules

Answer: C

NEW QUESTION 7
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 8
What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

• A. Transaction objects
• B. Event entities
• C. Source objects
• D. Mapping sets

Answer: B

NEW QUESTION 9
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

• A. Summarize by GL Date
• B. Summarize by GL Period
• C. Group by GL Date
• D. Transfer in Details

Answer: A

NEW QUESTION 10
You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?

• A. The account override feature provides an audit trail by preserving the original subledger journal entry.
• B. The account override feature adjusts the original source transaction.
• C. The account override feature is only intended to correct subledger journals that have been posted.
• D. The account override feature allows users to record a reason for the adjustmen

Answer: D

NEW QUESTION 11
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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

• A. Two primary ledgers
• B. One primary ledger
• C. One primary, one secondary ledger
• D. One primary, one repotting currency ledger

Answer: B

NEW QUESTION 12
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 set up an account rule that is based on leased and owned trucks?

• A. Set up a mapping set rule.
• B. Set up a lookup value.
• C. Set up a value set rule.
• D. Set up an account source in the source system file and derive the valu

Answer: D

NEW QUESTION 13
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 would the typical line information be?

• A. Customer Number
• B. Truck Type
• C. Company
• D. Transaction Date

Answer: A

NEW QUESTION 14
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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

• A. Assign it to an accounting method.
• B. Assign it to an account rule.
• C. Assign it to a transaction type.
• D. Assign it to an accounting attribut

Answer: A

NEW QUESTION 15
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 16
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?

• A. define line description rule with condition
• B. define journal line rules with conditions
• C. define journal entry rule set with condition
• D. define user transaction line identifier

Answer: A

NEW QUESTION 17
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 18
While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

• A. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
• B. The account rule is defined with conditions that are not allowing the assignment.
• C. The account rule does not return any valid account value.
• D. The account rule is defined with a different chart of accounts from the journal entry rule se

Answer: A

NEW QUESTION 19
Which is an alternate way to implement a mapping set rule?

• A. Define a chart of account rule with conditions.
• B. Define a lookup type rule with conditions.
• C. Define a filexfield rule with conditions.
• D. Define an account rule with condition

Answer: A

NEW QUESTION 20
Which two actions can you accomplish for a registered source system?

• A. Add new event classes through the user interface.
• B. Modify the subledger application name as long as there are no pending accounting entries.
• C. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
• D. Revise source Information through the user interface and add more source

Answer: BC

NEW QUESTION 21
Which four options are used to reconcile subledger journal entries?

• A. Set up reconciliation using the reconciliation reference accounting attribute.
• B. Assign a descriptive text and source on journal lines.
• C. Run the Subledger Accounting Method Setups report.
• D. Tag supporting references with journal entry lines.
• E. Build a custom OTBI report.
• F. Run the Subledger Accounting Diagnostics repor

Answer: CDEF

NEW QUESTION 22
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 23
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 24
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