Question 1

A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud. Which THREE points should you remember while registering the source system for the organization?

Options :

A : Summarized Transaction type information cannot be sent for accounting transformation

B : Use separate subledgers to share sub-ledger accounting rules

C : Use separate subledgers to provide more security across applications

D : A transaction type and its associated transaction data typically relate to a single document of transaction

E : Use separate subledgers to ensure less data processing in each run

Answer: C,D,E

Question 2

In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers. Which action should you take to specify the context?

Options :

A : Select the value for a Functional Area.

B : Select the value for a Feature

C : Select the value for a Lookup Code

D : Select the value for a Scope

Answer: D

Question 3

Which statement is true about journal entry rule sets?

Options :

A : Description rules can be assigned only at the header level of a journal entry rule set

B : Description rules must carry the same chart of accounts that is attached to the journal entry rule set

C : Description rules can be assigned at both the header and the line level of a journal entry rule set

Answer: C

Question 4

Your client provides loans to their customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria. Which FOUR value types should you use in the definition of your account rules to generate journal entries as per the customer's requirement?

Options :

A : Source

B : Mapping set

C : Constant

D : Account combination

E : Value set

F : Account rule

Answer: A,B,C,F

Question 5

You are tasked with troubleshooting a Create Accounting error. What is the first step you need to take to use the Diagnostics Framework features?

Options :

A : Set the "SLA: Enable Diagnostic" 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

Answer: A

Free 1Z0-1060-25 Mock Exam – Practice Online Confidently

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