Most Recent Oracle 1Z0-1060-24 Exam Dumps

Prepare for the Oracle Accounting Hub Cloud 2024 Implementation Professional exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-1060-24 exam and achieve success.

The questions for 1Z0-1060-24 were last updated on Apr 30, 2025.

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Question No. 1

The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the US

AThe entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?

AA chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger

BConversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger

CA chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger

DConversion levels available for a secondary ledger are Balance, Journal, and Subledger only

Show Answer

Correct Answer: A, A, B

Question No. 2

Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. Your customer wants to know the changes that are allowed after registering a source system.

Which THREE actions can be performed after registering a source system?

AModify the subledger application name as long as there are no pending accounting entries

BAssign and update value set and lookup type assignments to sources

CRevise source names and add more sources through the user interface

DAssign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers

EAdd new event classes through the user interface

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Correct Answer: B, C, E

Question No. 3

Your client deals in Banking, Insurance, and Stock Trading. They have separate transaction systems to process their transactions. You have been appointed as a consultant to implement Accounting Hub Cloud to streamline and standardize the accounting process for each of the source systems.

The client wants to generate the following accounting entries:

Banking-related transactions on a daily basis

Stock trading transactions on alternate days

Insurance transactions on a weekly basis

Considering the nature of business, frequency of generating accounting entries, and the load on the system, how many source systems would you suggest?

AFour

BOne

CTwo

DThree

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Correct Answer: D

Question No. 4

Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?

ADefine a chart of accounts rule with conditions

BDefine a lookup type rule with conditions

CDefine an account rule with conditions

DDefine a flexfield rule with conditions

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Correct Answer: C

Question No. 5

A manual subledger journal did not reverse. What could be the reason for this?

AThe next accounting period was future-enterable

BThe Create Accrual Reversal Accounting process had run and completed with no errors

CThe next accounting period was open

DThe Reverse Accrual On field was left null

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Correct Answer: D

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