How to Prepare for 1z0-1060-24 Certification Exam?

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	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 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	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 7	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 8	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.

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Free PDF Quiz 2025 Valid 1z0-1060-24: Oracle Accounting Hub Cloud 2024 Implementation Professional Valid Exam Book

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q23-Q28):

NEW QUESTION # 23
To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?

A. Mapping sets
B. Source objects
C. Transaction objects
D. Event entities

Answer: C

NEW QUESTION # 24
Your client, a banking organization, is currently using different transaction systems to take care of various types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?

A. A new transaction type cannot be added after the source system is registered.
B. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
C. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
D. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.

Answer: C

NEW QUESTION # 25
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 # 26
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?

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

Answer: A

NEW QUESTION # 27
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as an 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. Lookup types
B. Value sets
C. Chart of accounts segment
D. Segment values

Answer: A,B

NEW QUESTION # 28
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