Online Access Free 1Z1-1060 Practice Test

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

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

What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

• A.Buffer Unit Size
• B.Accounting Unit Commit Size
• C.Processing Unit Size
• D.Virtual Machine Processing Size

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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

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

Which three duty roles are required to perform Accounting Hub setup tasks?

• A.Application Implementation Consultant
• B.Accounting Hub Maintenance
• C.Accounting Hub Integration
• D.Subledger Accounting Manager
• E.Accounting Hub Administration

What are all the tabs that are available to be completed in the Register Source System spreadsheet?

• A.Source System, Transaction Information, and Line Information
• B.Source System and Line Information
• C.Source System and Transaction Information
• D.Source System