1Z0-1060-24 EXAM COLLECTION GUARANTEE 1Z0-1060-24 ORACLE ACCOUNTING HUB CLOUD 2024 IMPLEMENTATION PROFESSIONAL EXAM SUCCESS

1z0-1060-24 exam collection guarantee 1z0-1060-24 Oracle Accounting Hub Cloud 2024 Implementation Professional exam success

1z0-1060-24 exam collection guarantee 1z0-1060-24 Oracle Accounting Hub Cloud 2024 Implementation Professional exam success

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Oracle 1z0-1060-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 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
  • 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 6
  • 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 7
  • 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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q62-Q67):

NEW QUESTION # 62
Your client organization deals in providing loans to its customers. You are appointed as a consultant to implement Oracle Fusion Cloud Accounting Hub to standardize the accounting process. Your client has a requirement to retrieve the segment values for the debit and credit side of journal entries based on different criteri a. You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as the input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which two options allow the validation of input values on mapping sets?

  • A. Chart of accounts segment
  • B. Lookup types
  • C. Segment values
  • D. Value sets

Answer: B,D


NEW QUESTION # 63
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?

  • A. Define a flexfield rule with conditions
  • B. Define an account rule with conditions
  • C. Define a chart of accounts rule with conditions
  • D. Define a lookup type rule with conditions

Answer: B


NEW QUESTION # 64
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. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
  • B. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
  • C. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
  • D. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger

Answer: B,D


NEW QUESTION # 65
You design an income statement report with the help of Financial Reporting Web Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?

  • A. ([3;5])
  • B. ({3:5})
  • C. ([3,5])
  • D. ([3:5])

Answer: D


NEW QUESTION # 66
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 must carry the same chart of accounts that is attached to the journal entry rule set
  • C. Description rules can be assigned at both the header and the line level of a journal entry rule set
  • D. Description rules can be assigned only at the header level of a journal entry rule set

Answer: C


NEW QUESTION # 67
......

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