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100% Pass Quiz 2025 Reliable 1z0-1060-24: Valid Exam Oracle Accounting Hub Cloud 2024 Implementation Professional Preparation

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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

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 4

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 5

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 6

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 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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q67-Q72):

NEW QUESTION # 67
The Unified Migration option helps move functional setup data from one instance to another.
Which TWO statements are true about Unified Migration?

A. The Unified Migration option requires registration of the target environment in the source environment
B. You need to manually download the configuration set from the source and manually upload it into the target
C. You can optionally migrate only the new changes if both environments are synchronized
D. There is no need to import the migration set into a sandbox instance before it is applied to the target environment

Answer: A,C

NEW QUESTION # 68
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 can be assigned only at the line level of a journal entry rule set.

Answer: B

NEW QUESTION # 69
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. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger
D. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger

Answer: B,C

NEW QUESTION # 70
Which TWO privileges are recommended while enabling Audit History on several key business objects?

A. View Audit History
B. Audit Assignment Grade
C. Manage Audit Policies
D. Manage Application Objects

Answer: A,C

NEW QUESTION # 71
In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.
Which action should you take to specify the context?

A. Select the value for Scope
B. Select the value for Lookup Code
C. Select the value for Feature
D. Select the value for Functional Area

Answer: A

NEW QUESTION # 72
......

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