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Oracle 1Z0-1060-24 Exam Dumps

Oracle 1Z0-1060-24 Exam Dumps

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Number Of Questions: 80

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Exam Details

Exam Name:

Oracle Accounting Hub Cloud 2024 Implementation Professional

Exam Code:

1Z0-1060-24

Total Questions in Exam:

80

Demo Questions

Q1. Your client decides to: Configure a primary ledger for local statutory reporting requirements and a secondary ledger to manage alternative accounting requirements. Use Financial Reporting Studio to manage the financial reports that leverage the cube connections. They are seeking your advice to understand the cubes that the system creates to store the balances for these two ledgers. Based on which unique combination of ledger components are the cube connections generated?

A.Chart of Account and Currency

B. Chart of Account and Convention

C. Convention and Currency

D. Chart of Accounts and Calendar

E. Calendar and Currency

Correct Answer: D

Q2. 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])

Correct Answer: D

Q3. A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud. Which THREE points should you remember while registering the source system for the organization?

A.Summarized Transaction type information cannot be sent for accounting transformation

B. Use separate subledgers to share sub-ledger accounting rules

C. Use separate subledgers to provide more security across applications

D. A transaction type and its associated transaction data typically relate to a single document of transaction

E. Use separate subledgers to ensure less data processing in each run

Correct Answer: C, D, E

Q4. 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. Event classes

C. Source systems

D. Journal sources

Correct Answer: A

Q5. You recently created an analysis to review the periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis. Which TWO drill-through options would meet the requirement?

A.Drill to Account Group

B. Drill to Detail Balances

C. Drill to Financial Reporting Center

D. Drill to Account Inspector

Correct Answer: B, D

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