1Z0-1060-24 VALID DUMPS FILES, ANSWERS 1Z0-1060-24 REAL QUESTIONS

1z0-1060-24 Valid Dumps Files, Answers 1z0-1060-24 Real Questions

1z0-1060-24 Valid Dumps Files, Answers 1z0-1060-24 Real Questions

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Oracle 1z0-1060-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 3
  • 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 4
  • 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 5
  • 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 6
  • 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 7
  • 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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q80-Q85):

NEW QUESTION # 80
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They decide to implement Accounting Hub to import their transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask for your suggestion about the sharing of accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?

  • A. Four subledgers; one for each source system
  • B. One subledger for all four source systems
  • C. Three subledgers; one for home loan and auto loan, second for consumer loan, and third for personal loan
  • D. Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.

Answer: B


NEW QUESTION # 81
Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?

  • A. Oracle Transactional Business Intelligence
  • B. Financial Reporting Studio
  • C. Account Group
  • D. Smart View

Answer: A


NEW QUESTION # 82
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. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
  • C. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
  • 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 # 83
Which two actions can you accomplish for a registered source system?

  • A. Add new event classes through the user interface
  • B. Revise source Information through the user interface and add more sources
  • C. Modify the subledger application name as long as there are no pending accounting entries
  • D. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet

Answer: B,D


NEW QUESTION # 84
Which four actions can you take by using Security Console?

  • A. Compare Roles
  • B. Manage Automatic Data Provisioning
  • C. Manage User Name Generation Rules and Password Policies
  • D. Create Roles
  • E. Manage Data Access for Users
  • F. Manage Password of Other Users

Answer: A,C,D,F


NEW QUESTION # 85
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