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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 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

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 6

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 (Q33-Q38):

NEW QUESTION # 33
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

A. Manage Subledger Accounting Options
B. Specify Ledger Options
C. Manage Accounting Attribute Assignments
D. Manage Reporting Currencies

Answer: D

NEW QUESTION # 34
You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?

A. Summarize by journal source
B. Summarize by general ledger date
C. Group by general ledger date
D. Group by general ledger period
E. Summarize by journal category
F. Summarize by general ledger period

Answer: B,F

NEW QUESTION # 35
A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?

A. A transaction type and its associated transaction data typically relate to a single document of transaction
B. Use separate subledgers to provide more security across applications
C. Use separate subledgers to ensure less data processing in each run
D. Use separate subledgers to share sub-ledger accounting rules
E. Summarized Transaction type information cannot be sent for accounting transformation

Answer: A,B,C

NEW QUESTION # 36
You are assigned to troubleshoot a Create Accounting error.
Which is the first step that you need to perform to use the Diagnostics Framework feature?

A. Run the Accounting Event Diagnostic report.
B. Set the 'SLA: Enable Diagnostic' profile option.
C. Run Create Accounting again to generate journal entries for the events that ended in error.
D. Submit the Accounting Event Diagnostic process.

Answer: B

NEW QUESTION # 37
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. Chart of accounts segment
C. Lookup types
D. Value sets

Answer: C,D

NEW QUESTION # 38
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