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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

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

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

Describing Functional Setup Manager: This section targets Functional Analysts and explains the components of Functional Setup Manager used in configuring applications. It emphasizes understanding how to manage setups effectively within an organization. A critical skill assessed is explaining setup processes clearly.

Topic 4

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 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

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 7

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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q70-Q75):

NEW QUESTION # 70
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?

A. Define an account rule with conditions
B. Define a chart of accounts rule with conditions
C. Define a lookup type rule with conditions
D. Define a flexfield rule with conditions

Answer: A

NEW QUESTION # 71
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. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
B. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
C. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
D. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger

Answer: B,D

NEW QUESTION # 72
Your client is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?

A. Natural Account should be defined as a "Text" type source
B. Chart of Accounts Value column should be updated with a value of "Yes"
C. Natural Account should be defined as a "Number" type source
D. Natural Account should be defined as a "Long Text" type source

Answer: A,B

NEW QUESTION # 73
Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?

A. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
B. Set up separate description rules for adjustable and fixed rates
C. Set up separate journal line rules for adjustable and fixed rates
D. Define a separate journal entry rule set for each rate type

Answer: A,C

NEW QUESTION # 74
Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?

A. You can use up to 10 transaction or reference attributes as input in a mapping
B. You can define a default output value to use when actual input values do not match the mappings
C. One mapping set can be used for only one account rule at a time
D. Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
E. The mappings can be entered only by using the user interface

Answer: A,B,D

NEW QUESTION # 75
......

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