[2025] Pass Oracle 1z0-1060-25 Exam Updated 84 Questions
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NEW QUESTION # 48
Which TWO privileges are recommended while enabling Audit History on several key business objects?
- A. Manage Audit Policies
- B. View Audit History
- C. Manage Application Objects
- D. Audit Assignment Grade
Answer: A,B
NEW QUESTION # 49
Which transaction source is used to link transaction header and line information?
- A. Transaction Key
- B. Transaction Number
- C. Transaction Date
- D. Transaction Type
Answer: B
NEW QUESTION # 50
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?
- A. Segment
- B. Lookup type
- C. Account combination
- D. Mapping set
- E. Value set
Answer: A,C,D
NEW QUESTION # 51
You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segment- specific rules.
How will you achieve this while setting up the journal entry rule set?
- A. Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
- B. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references
- C. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
- D. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger
Answer: A
NEW QUESTION # 52
Your client decides to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which of the following THREE are predefined accounting methods?
- A. Standard Accrual for Japan
- B. Standard Accrual for USA
- C. Standard Accrual
- D. Standard Accrual for China
- E. Standard Accrual with Encumbrances
Answer: C,D,E
NEW QUESTION # 53
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. One subledger for all four source systems
- B. Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.
- C. Four subledgers; one for each source system
- D. Three subledgers; one for home loan and auto loan, second for consumer loan, and third for personal loan
Answer: A
NEW QUESTION # 54
The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy.
It is headquartered in the USA. The 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?
- A. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
- B. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
- C. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
- D. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger
Answer: B,D
NEW QUESTION # 55
Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
- A. Account Groups and Sunburst
- B. Oracle Transactional Business Intelligence
- C. Financial Reporting Studio
- D. Smart View
Answer: A
NEW QUESTION # 56
You are assigned to troubleshoot a Create Accounting error.
Which is the first step that you need to perform to use the Diagnostics Framework feature?
- A. Run the Accounting Event Diagnostic report.
- B. Run Create Accounting again to generate journal entries for the events that ended in error.
- C. Submit the Accounting Event Diagnostic process.
- D. Set the 'SLA: Enable Diagnostic' profile option.
Answer: D
NEW QUESTION # 57
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?
- A. Select the value for Feature
- B. Select the value for Lookup Code
- C. Select the value for Scope
- D. Select the value for Functional Area
Answer: C
NEW QUESTION # 58
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 can 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 cannot be overwritten
Answer: A,B
NEW QUESTION # 59
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 # 60
The Unified Migration option helps move functional setup data from one instance to another.
Which TWO statements are true about Unified Migration?
- A. You can optionally migrate only the new changes if both environments are synchronized
- B. You need to manually download the configuration set from the source and manually upload it into the target
- C. There is no need to import the migration set into a sandbox instance before it is applied to the target environment
- D. The Unified Migration option requires registration of the target environment in the source environment
Answer: A,D
NEW QUESTION # 61
Which is an alternate way to implement a mapping set rule?
- A. Define an account rule with conditions
- B. Define a lookup type rule with conditions
- C. Define a chart of account rule with conditions
- D. Define a flexfield rule with conditions
Answer: A
NEW QUESTION # 62
Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?
- A. Set up separate journal line rules for adjustable and fixed rates
- B. Set up separate description rules for adjustable and fixed rates
- C. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
- D. Define a separate journal entry rule set for each rate type
Answer: A,C
NEW QUESTION # 63
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. Rounding Class
- B. Accounting Class
- C. Business Flow Class
- D. Event Class
Answer: D
NEW QUESTION # 64
A manual subledger journal did not reverse. What could be the reason for this?
- A. The next accounting period was open
- B. The next accounting period was future-enterable
- C. The Reverse Accrual On field was left null
- D. The Create Accrual Reversal Accounting process had run and completed with no errors
Answer: C
NEW QUESTION # 65
Your client has operations in the US and the UK, and they currently use a third-party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process?
- A. You cannot add more than 30 sources when the Journal Display column is enabled
- B. You cannot add more than 10 sources when the Journal Display column is enabled
- C. The event type name cannot exceed 25 characters
- D. The event type name cannot exceed 30 characters
Answer: B,C
NEW QUESTION # 66
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])
Answer: B
NEW QUESTION # 67
Your client, a banking organization, is currently using different transaction systems for different types of loans including vehicle loans, personal loans, education loans, and housing loans. You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge off as event types.
The customer now asks you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
- A. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template
- B. The source system should be registered again by including the Loan Interest Accrual Reversal event type
- C. Loan Interest Accrual Reversal can be added as a new event type from the user interface
- D. A new transaction type cannot be added after the source system is registered
Answer: C
NEW QUESTION # 68
Your client has implemented the Accounting Hub Cloud solution. They import their transaction data from the source system on a daily basis, and while doing so, some transactions are not being accounted properly. They want these invalid transactions purged and the correct transactions re-imported.
Which job would you submit to purge the invalid transactions?
- A. Import Accounting Transactions Job with Purge Invalid Transaction parameter set to "Yes"
- B. Set Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
- C. Purge Invalid and Unaccounted Accounting Hub Transactions Job
- D. Purge Accounting Hub Transactions Job
Answer: B
NEW QUESTION # 69
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 into Oracle Fusion with privileges to configure Subledger Accounting.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), navigate to:
* Financials
* Subledger Accounting
* Manage User Defined Formulas.
Step 2: Create a New User Defined Formula
* ClickCreateto 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.
* ClickSave, then proceed to define the logic.
Step 3: Define the Formula Logic
Example Formula for Admin Charges:
AssumeAdmin Chargesare calculated as5% of Transaction Amount, with aminimum 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
* ClickValidateto check for errors.
Step 4: Assign the Formula to the Required Accounting Rules
* Navigate toManage Account Rules.
* Find theAdmin Charges Account Rule(or create one if needed).
* In theCondition Definition, selectUser Defined Formulaas the Source.
* ChooseAdmin Charges Formulaas the value.
* ClickSave and Close.
Step 5: Validate and Deploy the Formula
* ClickValidateto ensure correctness.
* Deploy the formula by submitting the changes.
* Attach the formula to relevantJournal Entry Rule Sets(if applicable).
Step 6: Test the User Defined Formula
* Navigate toSubledger Accounting > Accounting Entries.
* Generate accounting for different test transactions:
* Example 1: IfTransaction Amount = $500, Admin Charges =$25(5% of 500).
* Example 2: IfTransaction Amount = $100, Admin Charges =$10(since 5% of 100 = $5, but the minimum is $10).
* Verify that theAdmin Chargesare correctly derived in accounting entries.
NEW QUESTION # 70
You are tasked with identifying the reason for a user from your client organization not being able to submit the job that imports the transaction data for accounting and posting in General Ledger.
You realize that a duty role needs to be associated with a job role for authorizing the access to import the accounting transactions process.
Which duty role would you suggest?
- A. Accounting Hub Integration Duty Role
- B. Accounting Hub Create Accounting Duty Role
- C. Accounting Hub Create and Post Journal Entry Duty Role
- D. Accounting Hub Import Duty Role
Answer: A
NEW QUESTION # 71
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