Oracle 1Z0-1060-24 Online Practice Questions and Exam Preparation

Oracle 1Z0-1060-24 Online Questions & Answers

• Question 31:

  NO: 5:

  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.

  How many event classes will be generated by the system while registering the source system?

  A. Four
  B. Two
  C. One
  D. Three
  C. One

• Question 32:

  You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5. Which formula should be used on row number 6 to calculate the sum?

  A. [3;5][3;5][3;5]
  B. [3,5][3,5][3,5]
  C. 3:5{3:5}3:5
  D. [3:5][3:5][3:5]
  D. [3:5][3:5][3:5]

• Question 33:

  Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option. Which reporting tool would you suggest?

  A. Oracle Transactional Business Intelligence
  B. Account Groups and Sunburst
  C. Financial Reporting Studio
  D. Smart View
  B. Account Groups and Sunburst

• Question 34:

  Which FOUR actions can you perform with the help of the Security Console?

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

• Question 35:

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

• Question 36:

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

• Question 37:

  What is NOT included in the minimum required accounting attribute assignments?

  A. Distribution Type
  B. Second Distribution Identifier
  C. Accounting Date
  D. First Distribution Identifier
  B. Second Distribution Identifier

• Question 38:

  Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.

  Which job would you submit to purge the invalid transactions?

  A. Import Accounting Transactions Job with Purge Invalid Transaction parameter set to 'Yes'
  B. Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
  C. Purge Invalid and Unaccounted Accounting Hub Transactions Job
  D. Purge Accounting Hub Transactions Job
  B. Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions

• Question 39:

  You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting. Which TWO traits can help you further explain this feature?

  A. It allows users to record a reason for the adjustment
  B. It adjusts the original source transaction
  C. It provides an audit trail by preserving the original subledger journal entry
  D. It is intended to correct only the subledger journals that have been posted
  A. It allows users to record a reason for the adjustment
  C. It provides an audit trail by preserving the original subledger journal entry

• Question 40:

  You are tasked with identifying the reason for a user from your client organization not being able to submit the job that imports the transaction data for accounting and posting in General Ledger.

  You realize that a duty role needs to be associated with a job role for authorizing the access to import the accounting transactions process.

  Which duty role would you suggest?

  A. Accounting Hub Import Duty Role
  B. Accounting Hub Create and Post Journal Entry Duty Role
  C. Accounting Hub Create Accounting Duty Role
  D. Accounting Hub Integration Duty Role
  D. Accounting Hub Integration Duty Role