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Oracle 1z0-1060-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting, Audit and Diagnostics | 10% | - Perform audit and compliance checks - Set up accounting reports and reconciliation views - Use diagnostic tools and resolve setup issues |
| Topic 2: Configure Accounting Rules and Structures | 25% | - Configure intercompany, multi-period and accrual reversal rules - Define legal entities, ledgers and financial reporting structures - Set up accounting rules, journal line rules and account rules |
| Topic 3: Analyze Transaction Type Lifecycle and Requirements | 15% | - Analyze accounting, reporting, audit and reconciliation requirements - Identify transaction lifecycle stages in source systems - Evaluate modeling considerations for transaction types |
| Topic 4: Manage Source Systems and Integration | 20% | - Integrate with PaaS (ICS) and manage transaction data worksheets - Update registered source systems, attributes and event types - Register source systems and define source system details |
| Topic 5: Process and Adjust Transactions | 15% | - Apply overrides and corrections to accounting entries - Upload and validate transaction data - Create and adjust subledger journal entries |
| Topic 6: Security, Setup and Administration | 15% | - Describe Functional Setup Manager and implementation projects - Manage enterprise structures and reference data sets - Configure users, roles and security access |
Preparing for 1z0-1060-24 Without Wasting Money
- Security, Setup and Administration (15%)
- Reporting, Audit and Diagnostics (10%)
- Configure Accounting Rules and Structures (25%)
Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions:
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. Chart of accounts segment
- B. Value sets
- C. Segment values
- D. Lookup types
Correct Answer: B,D π³οΈ
Your client has operations in the US and the UK, and they currently use a third-party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process?
- A. The event type name cannot exceed 25 characters
- B. You cannot add more than 30 sources when the Journal Display column is enabled
- C. The event type name cannot exceed 30 characters
- D. You cannot add more than 10 sources when the Journal Display column is enabled
Correct Answer: A,D π³οΈ
While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?
- A. Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- B. Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- C. Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- D. The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
Correct Answer: D π³οΈ
Your customer wants to enter subledger journals in adjusting periods using the ADFDi spreadsheets.
Which TWO statements are true about entering journals in adjusting periods?
- A. Defaulted Period cannot be overwritten
- B. Defaulted Period can be overwritten
- C. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the adjustment period
- D. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the non-adjustment period
Correct Answer: B,D π³οΈ
Your client decides to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which of the following THREE are predefined accounting methods?
- A. Standard Accrual for Japan
- B. Standard Accrual with Encumbrances
- C. Standard Accrual
- D. Standard Accrual for USA
- E. Standard Accrual for China
Correct Answer: B,C,E π³οΈ
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