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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	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 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.
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	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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?

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

Answer: B,D,E

NEW QUESTION # 49
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 # 50
You are explaining to an accountant that account override is an adjustment feature of subledger accounting.
Which two traits can help you explain this?

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

Answer: A,C

NEW QUESTION # 51
Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?

A. You can define a default output value to use when actual input values do not match the mappings
B. One mapping set can be used for only one account rule at a time
C. The mappings can be entered only by using the user interface
D. Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
E. You can use up to 10 transaction or reference attributes as input in a mapping

Answer: A,D,E

NEW QUESTION # 52
Your new Oracle Fusion Cloud customer has a reporting requirement to balance general ledger journals not only between companies (primary balancing segments and Legal Entities) but also within divisions. The proposed chart of account structure has the following nine segments:
Company-Division-Department-Account-Subaccount-Product-Intercompany-Future1-Future2 Which segment label should be selected on Division to achieve the reporting requirement?

A. Cost Center segment
B. Management segment
C. Local Use segment
D. Intercompany segment
E. Second Balancing segment

Answer: E

NEW QUESTION # 53
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