Oracle Accounting Hub Cloud 2024 Implementation Professional - 1z0-1060-24 Free Exam Questions

QUESTION NO: 1
You have recently created an analysis to review 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 are available for use?

Correct Answer: B,C Vote an answer
QUESTION NO: 2
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as an input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which TWO options allow the validation of input values on mapping sets?

Correct Answer: B,C Vote an answer
QUESTION NO: 3
The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?

Correct Answer: C Vote an answer
QUESTION NO: 4
To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?

Correct Answer: D Vote an answer
QUESTION NO: 5
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?

Correct Answer: C Vote an answer
QUESTION NO: 6
Which statement is true about journal entry rule sets?

Correct Answer: A Vote an answer
QUESTION NO: 7
You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?

Correct Answer: A,E Vote an answer
QUESTION NO: 8
Which four actions can you take by using Security Console?

Correct Answer: A,B,C,E Vote an answer
QUESTION NO: 9
In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.
Which action should you take to specify the context?

Correct Answer: A Vote an answer

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