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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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	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 6	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 7	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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q81-Q86):

NEW QUESTION # 81
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. Your customer wants to know the changes that are allowed after registering a source system.
Which THREE actions can be performed after registering a source system?

A. Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
B. Revise source names and add more sources through the user interface
C. Assign and update value set and lookup type assignments to sources
D. Modify the subledger application name as long as there are no pending accounting entries
E. Add new event classes through the user interface

Answer: B,C,E

NEW QUESTION # 82
Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?

A. Supporting references can be used only with predefined applications, such as payable, assets, and expenses
B. Subledger application name was not selected as a scope before defining the supporting reference
C. Supporting reference tracking was not enabled while registering the source system
D. Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added

Answer: B

NEW QUESTION # 83
Your company 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. While analyzing the source transaction system, you are asked to propose an event model based on the activities performed by the company.
Based on your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?

A. Journal sources
B. Event classes
C. Source systems
D. Event types

Answer: D

NEW QUESTION # 84
Which FOUR actions can you perform with the help of the Security Console?

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

Answer: A,B,D,E

NEW QUESTION # 85
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 USA
B. Standard Accrual with Encumbrances
C. Standard Accrual
D. Standard Accrual for China
E. Standard Accrual for Japan

Answer: B,C,D

NEW QUESTION # 86
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