Oracle 1z0-1060-24 Web-Based Practice Program

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	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 5	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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q36-Q41):

NEW QUESTION # 36
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. Loan Interest Accrual Reversal can be added as a new event type from the user interface
B. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template
C. A new transaction type cannot be added after the source system is registered
D. The source system should be registered again by including the Loan Interest Accrual Reversal event type

Answer: A

NEW QUESTION # 37
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteri a. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?

A. Value set
B. Account combination
C. Segment
D. Mapping set
E. Lookup type

Answer: B,C,D

NEW QUESTION # 38
Which statement is true about journal entry rule sets?

A. Description rules can be assigned at both the header and the line level of a journal entry rule set.
B. Description rules can be assigned only at the header 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: A

NEW QUESTION # 39
You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.
Which TWO traits can help you further explain this feature?

A. It allows users to record a reason for the adjustment
B. It adjusts the original source transaction
C. It provides an audit trail by preserving the original subledger journal entry
D. It is intended to correct only the subledger journals that have been posted

Answer: A,C

NEW QUESTION # 40
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: C

NEW QUESTION # 41
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