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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 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	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	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.
Topic 7	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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q63-Q68):

NEW QUESTION # 63
Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.
Which job would you submit to purge the invalid transactions?

A. Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
B. Import Accounting Transactions Job with Purge Invalid Transaction parameter set to 'Yes'
C. Purge Invalid and Unaccounted Accounting Hub Transactions Job
D. Purge Accounting Hub Transactions Job

Answer: A

NEW QUESTION # 64
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. Segment values
B. Value sets
C. Lookup types
D. Chart of accounts segment

Answer: B,C

NEW QUESTION # 65
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, Adjustment only, and Subledger
B. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
C. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
D. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger

Answer: A,D

NEW QUESTION # 66
You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?

A. One
B. Three
C. Four
D. Two

Answer: D

NEW QUESTION # 67
To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?

A. Mapping sets
B. Event entities
C. Source objects
D. Transaction objects

Answer: D

NEW QUESTION # 68
......

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100% Pass Quiz 1z0-1060-24 - High Hit-Rate Oracle Accounting Hub Cloud 2024 Implementation Professional Trustworthy Exam Torrent

Oracle 1z0-1060-24 Exam Fees & 1z0-1060-24 Prepaway Dumps

Oracle 1z0-1060-24 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q63-Q68):

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