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Exam 1z0-1060-24 Preparation | Pdf 1z0-1060-24 Free

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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

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 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

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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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q51-Q56):

NEW QUESTION # 51
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 # 52
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?

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

Answer: B

NEW QUESTION # 53
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. Your customer wants to know the changes that are allowed after registering a source system.
Which THREE actions can be performed after registering a source system?

A. Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
B. Revise source names and add more sources through the user interface
C. Modify the subledger application name as long as there are no pending accounting entries
D. Add new event classes through the user interface
E. Assign and update value set and lookup type assignments to sources

Answer: B,D,E

NEW QUESTION # 54
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?

A. Run the Accounting Events Diagnostic report
B. Submit the Accounting Event Diagnostics process
C. Set the "SLA: Enable Diagnostic" profile option
D. Run Create Accounting again to generate journal entries for the events that ended in error

Answer: C

NEW QUESTION # 55
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 Accounting Attribute Assignments
C. Manage Subledger Accounting Options
D. Manage Reporting Currencies

Answer: D

NEW QUESTION # 56
......

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