Pass Guaranteed Quiz Oracle - 1z0-1060-24 - Professional Valid Oracle Accounting Hub Cloud 2024 Implementation Professional Torrent

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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 5	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 6	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 7	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 8	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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q17-Q22):

NEW QUESTION # 17
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 the source transaction system, you are asked to propose an event model based on the activities performed by the company.
Based on 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. Event types
B. Journal sources
C. Source systems
D. Event classes

Answer: A

NEW QUESTION # 18
Which is an alternate way to implement a mapping set rule?

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 account rule with conditions

Answer: C

NEW QUESTION # 19
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. One
B. Two
C. Three
D. Four

Answer: A

NEW QUESTION # 20
Which duty role is required to authorize access to the import accounting transactions process?

A. Accounting Hub Import duty role
B. Accounting Hub Create Accounting duty role
C. Accounting Hub Integration duty role
D. Accounting Hub Create and Post Journal Entry duty role

Answer: C

NEW QUESTION # 21
A manual subledger journal did not reverse. What could be the reason for this?

A. The next accounting period was open
B. The Reverse Accrual On field was left null
C. The next accounting period was future-enterable
D. The Create Accrual Reversal Accounting process had run and completed with no errors

Answer: B

NEW QUESTION # 22
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