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Quiz 2025 Oracle 1z0-1060-24–High Hit-Rate Valid Dumps Sheet

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Automating Transaction Data with Web Service: This section measures the skills of Data Analysts in automating transaction data loading from spreadsheets or other sources while managing exceptions. It covers techniques for improving data entry efficiency.

Topic 2

Adjusting Journal Entries: This section measures the skills of Accountants in creating sub-ledger journals that include overrides and adjustments as necessary. It covers techniques for ensuring journal entries reflect true financial positions. A key skill measured is accurately adjusting journal entries to maintain integrity.

Topic 3

Analyzing and Creating Financial Reporting Structures and Ledgers: This section measures the skills of Financial Controllers in analyzing configuration requirements for legal entities, financial reporting structures, and ledgers. It includes understanding how to set up these structures to meet organizational needs. A key skill measured is designing effective financial reporting frameworks.

Topic 4

Describing Functional Setup Manager: This section targets Functional Analysts and explains the components of Functional Setup Manager used in configuring applications. It emphasizes understanding how to manage setups effectively within an organization. A critical skill assessed is explaining setup processes clearly.

Topic 5

Analyzing Transaction Type Lifecycle: This section measures the skills of Financial Analysts and focuses on analyzing and identifying the transaction lifecycle within source systems. It covers the stages from transaction initiation to completion, ensuring all aspects of the lifecycle are understood. A key skill measured is effectively mapping the transaction lifecycle.

Topic 6

Describing Security: This section measures the skills of Security Administrators in explaining users and role-based access control within financial systems. It covers the security console's functionality to manage user permissions effectively. A key skill measured is implementing robust security measures for system access control.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q71-Q76):

NEW QUESTION # 71
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?

A. Standard Accrual for China
B. Standard Accrual
C. Standard Accrual for Japan
D. Standard Accrual for USA
E. Standard Accrual with Encumbrances

Answer: B,C,E

NEW QUESTION # 72
Your client is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?

A. Natural Account should be defined as a "Text" type source
B. Chart of Accounts Value column should be updated with a value of "Yes"
C. Natural Account should be defined as a "Number" type source
D. Natural Account should be defined as a "Long Text" type source

Answer: A,B

NEW QUESTION # 73
Which three duty roles are required to perform Accounting Hub setup tasks?

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

Answer: A,B,D

NEW QUESTION # 74
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They decide to implement Accounting Hub to import their transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask for your suggestion about the sharing of accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?

A. One subledger for all four source systems
B. Three subledgers; one for home loan and auto loan, second for consumer loan, and third for personal loan
C. Four subledgers; one for each source system
D. Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.

Answer: A

NEW QUESTION # 75
The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the USA.
The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?

A. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
B. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
C. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
D. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger

Answer: C,D

NEW QUESTION # 76
......

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