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Oracle 1z0-1060-24 Real Question | 1z0-1060-24 Certification Sample Questions

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q46-Q51):

NEW QUESTION # 46
Which statement is true about journal entry rule sets?

A. Description rules can be assigned only at the header level of a journal entry rule set
B. Description rules can be assigned at both the header and the line level of a journal entry rule set
C. Description rules must carry the same chart of accounts that is attached to the journal entry rule set
D. Description rules can be assigned only at the header level of a journal entry rule set

Answer: B

NEW QUESTION # 47
Your client has a requirement to report directly from the transactional tables and return the results in real-time, in turn eliminating the need for a data warehouse.
Which tool would you suggest to your client for this purpose?

A. Account Group
B. Oracle Transactional Business Intelligence
C. Financial Reporting Studio
D. Smart View

Answer: B

NEW QUESTION # 48
Which FOUR actions can you perform with the help of the Security Console?

A. Manage Password of other Users
B. Manage Data Access for Users
C. Create Roles
D. Compare Roles
E. Manage Automatic Data Provisioning
F. Manage User Name Generation Rules and Password Policies

Answer: A,C,D,F

NEW QUESTION # 49
Your client, a banking organization, is currently using different transaction systems for different 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.
The customer now asks 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. A new transaction type cannot be added after the source system is registered
C. Loan Interest Accrual Reversal can be added as a new event type from the user interface
D. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template

Answer: C

NEW QUESTION # 50
Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?

A. Define a separate journal entry rule set for each rate type
B. Set up separate description rules for adjustable and fixed rates
C. Set up separate journal line rules for adjustable and fixed rates
D. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates

Answer: C,D

NEW QUESTION # 51
......

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Bob Evans Bob Evans

Biography

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