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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

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 3

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 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

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 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 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.

Topic 8

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 9

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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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q33-Q38):

NEW QUESTION # 33
Which is an alternate way to implement a mapping set rule?

A. Define a chart of account rule with conditions
B. Define an account rule with conditions
C. Define a flexfield rule with conditions
D. Define a lookup type rule with conditions

Answer: B

NEW QUESTION # 34
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. Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan
C. Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan
D. Four subledgers, one for each source system

Answer: A

NEW QUESTION # 35
The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the USA.
The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?

A. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger
B. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
C. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
D. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger

Answer: A,C

NEW QUESTION # 36
Your client decides to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which of the following THREE are predefined accounting methods?

A. Standard Accrual
B. Standard Accrual for Japan
C. Standard Accrual with Encumbrances
D. Standard Accrual for China
E. Standard Accrual for USA

Answer: A,C,D

NEW QUESTION # 37
Which four actions can you take by using Security Console?

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

Answer: B,C,D,F

NEW QUESTION # 38
......

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