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1z0-1060-24 Reliable Test Forum & 1z0-1060-24 Customizable Exam Mode

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Overall obtaining 1z0-1060-24 certificate can be a valuable investment in your professional career. As it can help you to stand out in a competitive market, more career opportunities, and advancement of your career. To gain all these advantages you just need to enroll in the Oracle 1z0-1060-24 Certification Exam and put all your efforts to pass this challenging 1z0-1060-24 exam with flying colors.

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

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

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 4

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 5

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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q59-Q64):

NEW QUESTION # 59
The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A. Deferral and Recognition
B. Reversal and Recognition
C. Multiperiod and Recognition

Answer: A

NEW QUESTION # 60
Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?

A. Accounting Class
B. Event Class
C. Business Flow Class
D. Rounding Class

Answer: B

NEW QUESTION # 61
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 provide more security across applications
C. Summarized Transaction type information cannot be sent for accounting transformation
D. A transaction type and its associated transaction data typically relate to a single document of transaction
E. Use separate subledgers to ensure less data processing in each run

Answer: B,D,E

NEW QUESTION # 62
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

A. Specify Ledger Options
B. Manage Subledger Accounting Options
C. Manage Accounting Attribute Assignments
D. Manage Reporting Currencies

Answer: D

NEW QUESTION # 63
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. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet
D. Modify the subledger application name as long as there are no pending accounting entries

Answer: B,C

NEW QUESTION # 64
......

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