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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	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 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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q65-Q70):

NEW QUESTION # 65
Which statement is true about journal entry rule sets?

A. Description rules can be assigned only at 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 at both the header and the line level of a journal entry rule set.

Answer: C

NEW QUESTION # 66
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?

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

Answer: C

NEW QUESTION # 67
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 "Long Text" type source
B. Natural Account should be defined as a "Text" type source
C. Chart of Accounts Value column should be updated with a value of "Yes"
D. Natural Account should be defined as a "Number" type source

Answer: B,C

NEW QUESTION # 68
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. Use separate subledgers to share sub-ledger accounting rules
B. Use separate subledgers to ensure less data processing in each run
C. A transaction type and its associated transaction data typically relate to a single document of transaction
D. Summarized Transaction type information cannot be sent for accounting transformation
E. Use separate subledgers to provide more security across applications

Answer: B,C,E

NEW QUESTION # 69
Which statement is true about journal entry rule sets?

A. Description rules can be assigned only at the header 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 must carry the same chart of accounts that is attached to the journal entry rule set
D. Description rules can be assigned at both the header and the line level of a journal entry rule set

Answer: D

NEW QUESTION # 70
......

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Avail Marvelous Reliable 1z0-1060-24 Test Objectives to Pass 1z0-1060-24 on the First Attempt

Oracle 1z0-1060-24 Exam Syllabus Topics:

Valid Dumps Oracle 1z0-1060-24 Book & 1z0-1060-24 Exam Objectives

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q65-Q70):

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