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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	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 5	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 6	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 7	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 8	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 9	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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q22-Q27):

NEW QUESTION # 22
What is NOT included in the minimum required accounting attribute assignments?

A. Distribution Type
B. First Distribution Identifier
C. Second Distribution Identifier
D. Accounting Date

Answer: C

NEW QUESTION # 23
You design an income statement report with the help of Financial Reporting Web Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?

A. ([3,5])
B. ([3:5])
C. ({3:5})
D. ([3;5])

Answer: B

NEW QUESTION # 24
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. DD-MON-YY
B. YY-MON-DD
C. DD-MON-YYYY
D. YYYY-MON-DD

Answer: D

NEW QUESTION # 25
Your client has operations in the US and the UK, and they currently use a third-party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process?

A. The event type name cannot exceed 25 characters
B. The event type name cannot exceed 30 characters
C. You cannot add more than 30 sources when the Journal Display column is enabled
D. You cannot add more than 10 sources when the Journal Display column is enabled

Answer: A,D

NEW QUESTION # 26
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. Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan
B. Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan
C. Four subledgers, one for each source system
D. One subledger for all four source systems

Answer: D

NEW QUESTION # 27
......

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Download Oracle 1z0-1060-24 Pdf, 1z0-1060-24 Exam Testking

Oracle 1z0-1060-24 Exam Syllabus Topics:

1z0-1060-24 Exam Testking & 1z0-1060-24 Real Exam

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q22-Q27):

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