PASS GUARANTEED QUIZ 2025 ORACLE 1Z0-1060-24 AUTHORITATIVE EXAM OBJECTIVES

Pass Guaranteed Quiz 2025 Oracle 1z0-1060-24 Authoritative Exam Objectives

Pass Guaranteed Quiz 2025 Oracle 1z0-1060-24 Authoritative Exam Objectives

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Tags: Exam 1z0-1060-24 Objectives, Test 1z0-1060-24 Assessment, 1z0-1060-24 Exam Reference, 1z0-1060-24 Top Questions, Accurate 1z0-1060-24 Answers

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Oracle 1z0-1060-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 3
  • 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 4
  • 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 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.

>> Exam 1z0-1060-24 Objectives <<

Test 1z0-1060-24 Assessment, 1z0-1060-24 Exam Reference

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q47-Q52):

NEW QUESTION # 47
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?

  • A. Group by general ledger period
  • B. Summarize by journal category
  • C. Summarize by general ledger period
  • D. Summarize by general ledger date
  • E. Group by general ledger date
  • F. Summarize by journal source

Answer: C,D


NEW QUESTION # 48
SIMULATION
Challenge 3: Manage User Define Formulas
TASK
Create User Defined Formula for Admin Charges
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Answer:

Explanation:
See the Explanation below for all the solution
Explanation:
Step-by-Step Guide to Create a User Defined Formula for Admin Charges in Oracle Fusion Step 1: Navigate to Manage User Defined Formulas Log in to Oracle Fusion with privileges to configure Subledger Accounting.
Go to Setup and Maintenance.
In the Functional Setup Manager (FSM), navigate to:
Financials
Subledger Accounting
Manage User Defined Formulas.
Step 2: Create a New User Defined Formula
Click Create to define a new formula.
Enter the following details:
Name: Admin Charges Formula
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement Data Type: Number Description: Formula to calculate admin charges for billing events.
Click Save, then proceed to define the logic.
Step 3: Define the Formula Logic
Example Formula for Admin Charges:
Assume Admin Charges are calculated as 5% of Transaction Amount, with a minimum charge of $10.
Enter the formula using Oracle's formula syntax:
CASE
WHEN {Transaction Amount} * 0.05 >= 10 THEN {Transaction Amount} * 0.05 ELSE 10 END Click Validate to check for errors.
Step 4: Assign the Formula to the Required Accounting Rules
Navigate to Manage Account Rules.
Find the Admin Charges Account Rule (or create one if needed).
In the Condition Definition, select User Defined Formula as the Source.
Choose Admin Charges Formula as the value.
Click Save and Close.
Step 5: Validate and Deploy the Formula
Click Validate to ensure correctness.
Deploy the formula by submitting the changes.
Attach the formula to relevant Journal Entry Rule Sets (if applicable).
Step 6: Test the User Defined Formula
Navigate to Subledger Accounting > Accounting Entries.
Generate accounting for different test transactions:
Example 1: If Transaction Amount = $500, Admin Charges = $25 (5% of 500).
Example 2: If Transaction Amount = $100, Admin Charges = $10 (since 5% of 100 = $5, but the minimum is $10).
Verify that the Admin Charges are correctly derived in accounting entries.


NEW QUESTION # 49
Which TWO options can you use for reconciling subledger journal entries with the source system?

  • A. Tag supporting references with Journal Line Rules
  • B. Submit the Subledger Accounting Diagnostics report
  • C. Submit Period Close Exception Report
  • D. Submit the Subledger Accounting Diagnostics report

Answer: B,C


NEW QUESTION # 50
Your customer wants to enter subledger journals in adjusting periods using the ADFDi spreadsheets.
Which TWO statements are true about entering journals in adjusting periods?

  • A. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the non-adjustment period
  • B. Defaulted Period cannot be overwritten
  • C. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the adjustment period
  • D. Defaulted Period can be overwritten

Answer: A,D


NEW QUESTION # 51
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They decide to implement Accounting Hub to import their transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask for your suggestion about the sharing of accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?

  • A. Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.
  • B. Three subledgers; one for home loan and auto loan, second for consumer loan, and third for personal loan
  • C. One subledger for all four source systems
  • D. Four subledgers; one for each source system

Answer: C


NEW QUESTION # 52
......

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