100% PASS QUIZ 1Z0-1060-24 - AUTHORITATIVE RELIABLE ORACLE ACCOUNTING HUB CLOUD 2024 IMPLEMENTATION PROFESSIONAL EXAM SIMS

100% Pass Quiz 1z0-1060-24 - Authoritative Reliable Oracle Accounting Hub Cloud 2024 Implementation Professional Exam Sims

100% Pass Quiz 1z0-1060-24 - Authoritative Reliable Oracle Accounting Hub Cloud 2024 Implementation Professional Exam Sims

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Oracle 1z0-1060-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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.
Topic 2
  • 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 3
  • 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 4
  • 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 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.
Topic 6
  • 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 7
  • 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 8
  • 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 9
  • Analyzing and Creating Financial Reporting Structures and Ledgers: This section measures the skills of Financial Controllers in analyzing configuration requirements for legal entities, financial reporting structures, and ledgers. It includes understanding how to set up these structures to meet organizational needs. A key skill measured is designing effective financial reporting frameworks.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q41-Q46):

NEW QUESTION # 41
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?

  • A. Three
  • B. Four
  • C. Two
  • D. One

Answer: A


NEW QUESTION # 42
Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?

  • A. Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added
  • B. Supporting references can be used only with predefined applications, such as payable, assets, and expenses
  • C. Subledger application name was not selected as a scope before defining the supporting reference
  • D. Supporting reference tracking was not enabled while registering the source system

Answer: C


NEW QUESTION # 43
Which duty role is required to authorize access to the import accounting transactions process?

  • A. Accounting Hub Create Accounting duty role
  • B. Accounting Hub Create and Post Journal Entry duty role
  • C. Accounting Hub Integration duty role
  • D. Accounting Hub Import duty role

Answer: C


NEW QUESTION # 44
Which three duty roles are required to perform Accounting Hub setup tasks?

  • A. Accounting Hub Administration
  • B. Accounting Hub Maintenance
  • C. Application Implementation Consultant
  • D. Subledger Accounting Manager
  • E. Accounting Hub Integration

Answer: C,D,E


NEW QUESTION # 45
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 Create and Post Journal Entry Duty Role
  • B. Accounting Hub Integration Duty Role
  • C. Accounting Hub Create Accounting Duty Role
  • D. Accounting Hub Import Duty Role

Answer: B


NEW QUESTION # 46
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