Online Access Free 1Z0-1060 Practice Test

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 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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

• A.Enable legal entity rule
• B.Enable intercompany balancing option
• C.Enable balancing rules
• D.Enable chart of accounts rule

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?

• A.Use the Open Account Balances Listing report that has balances by customer.
• B.Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
• C.Use the Third Party Control Account feature.
• D.Use Supporting References to capture customer classification information.

The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

• A.Add this as a new transaction type into existing registered subledger from the user interface.
• B.Register it as a new source system.
• C.Add this as a new transaction typo into existing subledger registration spreadsheet template.
• D.Change the transaction data file.

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.Buffer Unit Size
• C.Accounting Unit Commit Size
• D.Processing Unit Size

What is the key attribute that is used to query journal entries of a registered source system?

• A.Ledger Name
• B.Accounting Date
• C.Transaction Date
• D.Journal Source