TEST 1Z0-1060-24 RESULT - TOP 1Z0-1060-24 EXAM DUMPS

Test 1z0-1060-24 Result - Top 1z0-1060-24 Exam Dumps

Test 1z0-1060-24 Result - Top 1z0-1060-24 Exam Dumps

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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
  • 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 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 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 5
  • 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 6
  • 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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?

  • A. YY-MON-DD
  • B. YYYY-MON-DD
  • C. DD-MON-YYYY
  • D. DD-MON-YY

Answer: B


NEW QUESTION # 55
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 # 56
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. Oracle Transactional Business Intelligence
  • B. Account Group
  • C. Financial Reporting Studio
  • D. Smart View

Answer: A


NEW QUESTION # 57
Given the business use case:
"New Trucks" runs a fleet of trucks in a rental business in the U.S. The majority of the trucks are owned; however, in some cases, "New Trucks" may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks" company has a subsidiary company "Fix Trucks" that maintains its own profit and loss entity. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?

  • A. One primary, one secondary ledger
  • B. One primary, one reporting currency ledger
  • C. Two primary ledgers
  • D. One primary ledger

Answer: D


NEW QUESTION # 58
Your new Oracle Fusion Cloud customer has a reporting requirement to balance general ledger journals not only between companies (primary balancing segments and Legal Entities) but also within divisions. The proposed chart of account structure has the following nine segments:
Company-Division-Department-Account-Subaccount-Product-Intercompany-Future1-Future2 Which segment label should be selected on Division to achieve the reporting requirement?

  • A. Local Use segment
  • B. Management segment
  • C. Cost Center segment
  • D. Second Balancing segment
  • E. Intercompany segment

Answer: D


NEW QUESTION # 59
......

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