2025 1Z0-1060-24–100% FREE ACTUAL TEST ANSWERS | HIGH PASS-RATE VALID 1Z0-1060-24 EXAM TESTKING

2025 1z0-1060-24–100% Free Actual Test Answers | High Pass-Rate Valid 1z0-1060-24 Exam Testking

2025 1z0-1060-24–100% Free Actual Test Answers | High Pass-Rate Valid 1z0-1060-24 Exam Testking

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Oracle 1z0-1060-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 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
  • 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.
Topic 4
  • 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 5
  • 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 6
  • 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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q51-Q56):

NEW QUESTION # 51
You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?

  • A. Group by general ledger date
  • B. Summarize by journal category
  • C. Summarize by general ledger date
  • D. Summarize by general ledger period
  • E. Summarize by journal source
  • F. Group by general ledger period

Answer: C,D


NEW QUESTION # 52
What is NOT included in the minimum required accounting attribute assignments?

  • A. Second Distribution Identifier
  • B. Distribution Type
  • C. Accounting Date
  • D. First Distribution Identifier

Answer: A


NEW QUESTION # 53
You recently created an analysis to review the periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which TWO drill-through options would meet the requirement?

  • A. Drill to Financial Reporting Center
  • B. Drill to Account Inspector
  • C. Drill to Detail Balances
  • D. Drill to Account Group

Answer: B,C


NEW QUESTION # 54
Your new Oracle Fusion Cloud customer has a reporting requirement to balance general ledger journals not only between companies (primary balancing segments and Legal Entities) but also within divisions. The proposed chart of account structure has the following nine segments:
Company-Division-Department-Account-Subaccount-Product-Intercompany-Future1-Future2 Which segment label should be selected on Division to achieve the reporting requirement?

  • A. Local Use segment
  • B. Intercompany segment
  • C. Cost Center segment
  • D. Second Balancing segment
  • E. Management segment

Answer: D


NEW QUESTION # 55
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?

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

Answer: B


NEW QUESTION # 56
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