2025 Oracle 1z0-1060-24: Test Oracle Accounting Hub Cloud 2024 Implementation Professional Answers

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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.
Topic 4	Accessing Accounting, Reporting, Audit, and Reconciliation Requirements: This section targets Accounting Professionals and analyzes the requirements for accounting, reporting, auditing, and reconciliation related to transaction types. It emphasizes understanding compliance and accuracy in financial reporting. A critical skill assessed is evaluating audit and reconciliation needs thoroughly.
Topic 5	Configuring Accounting Rules: This section targets Accounting Managers and focuses on managing various accounting rules such as intercompany journal lines, multiperiod journal entries, and accrual reversals. It emphasizes the importance of accurate rule configuration for financial accuracy. A critical skill assessed is configuring accounting rules effectively.
Topic 6	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 7	Registering Source System and PaaS (ICS) Integration: This section focuses on Integration Specialists and covers managing transaction information, line information worksheets, and integrating source systems with PaaS (ICS). It emphasizes the importance of seamless data integration for accurate financial reporting. A significant skill assessed is managing integration processes effectively.
Topic 8	Updating Registered Source System: This section measures the skills of Systems Administrators in updating accounting attribute assignments, sources, and event types within registered source systems. It includes ensuring that all updates align with organizational standards. A key skill measured is maintaining accurate system configurations.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q23-Q28):

NEW QUESTION # 23
Which two options can you use to reconcile subledger journal entries with the source system?

A. Tag supporting references with Journal Line Rules
B. Submit the Period Close Exception Report
C. Create and submit the Oracle Transactional BI Report to review supporting reference balances.
D. Submit the Subledger Accounting Diagnostics report

Answer: B,D

NEW QUESTION # 24
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?

A. Constant
B. Account combination
C. Account rule
D. Source
E. Mapping set
F. Value set

Answer: A,C,D,E

NEW QUESTION # 25
Which transaction source is used to link transaction header and line information?

A. Transaction Key
B. Transaction Number
C. Transaction Type
D. Transaction Date

Answer: B

NEW QUESTION # 26
Which two actions can you accomplish for a registered source system?

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

Answer: B,D

NEW QUESTION # 27
Your client deals in Banking, Insurance, and Stock Trading. They have separate transaction systems to process their transactions. You have been appointed as a consultant to implement Accounting Hub Cloud to streamline and standardize the accounting process for each of the source systems.
The client wants to generate the following accounting entries:
Banking-related transactions on a daily basis
Stock trading transactions on alternate days
Insurance transactions on a weekly basis
Considering the nature of business, frequency of generating accounting entries, and the load on the system, how many source systems would you suggest?

A. Three
B. Two
C. One
D. Four

Answer: A

NEW QUESTION # 28
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2025 Oracle 1z0-1060-24: Test Oracle Accounting Hub Cloud 2024 Implementation Professional Answers

Updated Test 1z0-1060-24 Answers - Find Shortcut to Pass 1z0-1060-24 Exam

Oracle 1z0-1060-24 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q23-Q28):

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