1z0-1060-24 Pass-Sure File & 1z0-1060-24 Quiz Torrent & 1z0-1060-24 Exam Quiz

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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	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 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	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 (Q25-Q30):

NEW QUESTION # 25
SIMULATION
Challenge 1: Manage Journal Line Rule
TASK
Create 2 Journal Line Rule
Interest Receivable
Interest Income
Subledger Application: AHC Loan
Process Category: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment

Answer:

Explanation:
See the Explanation below for all the solution
Explanation:
To create Journal Line Rules (JLR) in Oracle Fusion, follow these step-by-step instructions:
Step 1: Navigate to the Manage Subledger Journal Entry Rule Sets Page
Log in to Oracle Fusion Applications with a user that has privileges to configure Subledger Accounting Rules.
Go to Setup and Maintenance.
In the Functional Setup Manager (FSM), select:
Financials
Subledger Accounting
Manage Journal Line Rules
Step 2: Create the "Interest Receivable" Journal Line Rule
Click Create to add a new Journal Line Rule.
Enter the following details:
Name: Interest Receivable
Subledger Application: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment
Account Class: (Choose the appropriate account class, such as "Receivable" or a custom account class) Line Type: Debit Description: (Optional, enter something like "Recognizes interest receivable") Under Conditions, define rules if needed to filter transactions for this Journal Line Rule.
Save and Close.
Step 3: Create the "Interest Income" Journal Line Rule
Click Create again to add the second Journal Line Rule.
Enter the following details:
Name: Interest Income
Subledger Application: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment
Account Class: (Choose an appropriate account class, such as "Revenue" or a custom account class) Line Type: Credit Description: (Optional, enter something like "Recognizes interest income") Under Conditions, define rules if needed to filter transactions for this Journal Line Rule.
Save and Close.
Step 4: Validate and Deploy the Rules
Navigate to Manage Accounting Methods.
Find the accounting method used for the AHC Loan subledger.
Attach the newly created Journal Line Rules to the appropriate Journal Entry Rule Set.
Validate the changes and submit them for approval.
Once validated, deploy the accounting method.
Step 5: Test the Journal Line Rules
Navigate to Subledger Accounting > Accounting Entries.
Generate accounting for a test Loan Origination, Interest Accrual, or Payment transaction.
Verify that the correct Journal Entries are created:
Interest Receivable (DR)
Interest Income (CR)

NEW QUESTION # 26
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?

A. Source objects
B. Transaction objects
C. Mapping sets
D. Event entities

Answer: B

NEW QUESTION # 27
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 their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to 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 classes
B. Source systems
C. Event types
D. Journal sources

Answer: C

NEW QUESTION # 28
Which statement is true about journal entry rule sets?

A. Description rules can be assigned only at the header level of a journal entry rule set
B. Description rules can be assigned only at the header level of a journal entry rule set
C. Description rules must carry the same chart of accounts that is attached to the journal entry rule set
D. Description rules can be assigned at both the header and the line level of a journal entry rule set

Answer: D

NEW QUESTION # 29
Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?

A. Event Class
B. Business Flow Class
C. Accounting Class
D. Rounding Class

Answer: A

NEW QUESTION # 30
......

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1z0-1060-24 Pass-Sure File & 1z0-1060-24 Quiz Torrent & 1z0-1060-24 Exam Quiz

Oracle 1z0-1060-24 Exam Syllabus Topics:

2025 Latest 1z0-1060-24 Test Duration | Oracle Accounting Hub Cloud 2024 Implementation Professional 100% Free Valid Study Guide

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q25-Q30):

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