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Oracle 1z0-1060-24 exam brain dumps

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 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

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.

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

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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
Which two options can you use to reconcile subledger journal entries with the source system?

A. Submit the Subledger Accounting Diagnostics report
B. Tag supporting references with Journal Line Rules
C. Submit the Period Close Exception Report
D. Create and submit the Oracle Transactional BI Report to review supporting reference balances.

Answer: A,C

NEW QUESTION # 55
Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?

A. YYYY-MON-DD
B. DD-MON-YY
C. YY-MON-DD
D. DD-MON-YYYY

Answer: A

NEW QUESTION # 56
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 their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to 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. Source systems
B. Event types
C. Journal sources
D. Event classes

Answer: B

NEW QUESTION # 57
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. Account Groups and Sunburst
B. Smart View
C. Financial Reporting Studio
D. Oracle Transactional Business Intelligence

Answer: A

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 Accounts and Calendar
B. Chart of Account and Convention
C. Chart of Account and Currency
D. Calendar and Currency
E. Convention and Currency

Answer: A

NEW QUESTION # 59
......

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