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Quiz 2025 The Best Oracle Latest 1z0-1060-24 Real Test
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| Topic 1 |
- 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.
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| 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.
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| Topic 3 |
- 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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| Topic 4 |
- 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.
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| Topic 5 |
- 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.
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| Topic 6 |
- 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.
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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q55-Q60):
NEW QUESTION # 55
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a flexfield rule with conditions
- B. Define a lookup type rule with conditions
- C. Define an account rule with conditions
- D. Define a chart of accounts rule with conditions
Answer: C
NEW QUESTION # 56
You design an income statement report with the help of Financial Reporting Web 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])
- B. ([3:5])
- C. ([3,5])
- D. ({3:5})
Answer: B
NEW QUESTION # 57
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
Answer: C
NEW QUESTION # 58
Your client decides to:
Configure a primary ledger for local statutory reporting requirements and a secondary ledger to manage alternative accounting requirements.
Use Financial Reporting Studio to manage the financial reports that leverage the cube connections.
They are seeking your advice to understand the cubes that the system creates to store the balances for these two ledgers.
Based on which unique combination of ledger components are the cube connections generated?
- A. Chart of Account and Convention
- B. Calendar and Currency
- C. Convention and Currency
- D. Chart of Account and Currency
- E. Chart of Accounts and Calendar
Answer: E
NEW QUESTION # 59
In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.
Which action should you take to specify the context?
- A. Select the value for Feature
- B. Select the value for Functional Area
- C. Select the value for Lookup Code
- D. Select the value for Scope
Answer: D
NEW QUESTION # 60
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