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Valid Oracle 1z0-1060-24 Test Vce & Valid 1z0-1060-24 Test Notes

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 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

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 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.

Topic 7

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 (Q22-Q27):

NEW QUESTION # 22
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

A. Specify Ledger Options
B. Manage Reporting Currencies
C. Manage Accounting Attribute Assignments
D. Manage Subledger Accounting Options

Answer: B

NEW QUESTION # 23
Your client, a banking organization, is currently using different transaction systems to take care of various types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?

A. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
B. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
C. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
D. A new transaction type cannot be added after the source system is registered.

Answer: C

NEW QUESTION # 24
Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?

A. Subledger application name was not selected as a scope before defining the supporting reference
B. Supporting references can be used only with predefined applications, such as payable, assets, and expenses
C. Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added
D. Supporting reference tracking was not enabled while registering the source system

Answer: A

NEW QUESTION # 25
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?

A. Chief Financial Officer (CFO)
B. Financial Analyst
C. General Accounting Manager
D. General Accountant

Answer: C

NEW QUESTION # 26
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. Source
C. Mapping set
D. Account combination
E. Value set
F. Account rule

Answer: A,B,C,F

NEW QUESTION # 27
......

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Amelia Carter Amelia Carter

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