Pass Oracle 1z0-1060-25 exam questions - convert Test Engine to PDF
Pass Your 1z0-1060-25 Exam Easily - Real 1z0-1060-25 Practice Dump Updated Jun 08, 2026
NEW QUESTION # 18
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?
- A. Run the Accounting Events Diagnostic report
- B. Set the "SLA: Enable Diagnostic" profile option
- C. Submit the Accounting Event Diagnostics process
- D. Run Create Accounting again to generate journal entries for the events that ended in error
Answer: B
NEW QUESTION # 19
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 # 20
Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.
Which job would you submit to purge the invalid transactions?
- A. Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
- B. Purge Invalid and Unaccounted Accounting Hub Transactions Job
- C. Import Accounting Transactions Job with Purge Invalid Transaction parameter set to 'Yes'
- D. Purge Accounting Hub Transactions Job
Answer: A
NEW QUESTION # 21
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 description rules for adjustable and fixed rates
- B. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
- C. Set up separate journal line rules for adjustable and fixed rates
- D. Define a separate journal entry rule set for each rate type
Answer: B,C
NEW QUESTION # 22
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. Business Flow Class
- B. Event Class
- C. Rounding Class
- D. Accounting Class
Answer: B
NEW QUESTION # 23
Which four actions can you take by using Security Console?
- A. Create Roles
- B. Manage Automatic Data Provisioning
- C. Manage Data Access for Users
- D. Compare Roles
- E. Manage Password of Other Users
- F. Manage User Name Generation Rules and Password Policies
Answer: A,D,E,F
NEW QUESTION # 24
Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?
- A. Smart View
- B. Account Group
- C. Oracle Transactional Business Intelligence
- D. Financial Reporting Studio
Answer: C
NEW QUESTION # 25
Challenge 2: Manage Account Rule
TASK
Create Account Rule with 3 priorities
Name of Account Rule: Revenue Account
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement See the Explanation below for all the solution.
Answer:
Explanation:
Step-by-Step Guide to Create an Account Rule with 3 Priorities in Oracle Fusion Step 1: Navigate to Manage Account Rules
* Log into Oracle Fusion with appropriate privileges for Subledger Accounting.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), navigate to:
* Financials
* Subledger Accounting
* Manage Account Rules.
Step 2: Create the Account Rule
* ClickCreateto add a newAccount Rule.
* Enter the following details:
* Name: Revenue Account
* Subledger Application: AHC Billing
* Process Category: AHC Billing
* Event Class: AHC Billing
* Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement
* Rule Type: Account
* ClickSave, then proceed to definePriorities.
Step 3: Define Three Priorities for the Revenue Account Rule
Now, define three priorities for determining the revenue account:
Priority 1: Derived from Transaction Type
* ClickAdd Rowto definePriority 1.
* SetPriority Orderas1.
* DefineCondition:
* IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)
* Source Type: UseTransaction Typeas the basis.
* ClickSave.
Priority 2: Derived from Customer
* ClickAdd Rowto definePriority 2.
* SetPriority Orderas2.
* DefineCondition:
* IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)
* Source Type: UseCustomer Categoryas the basis.
* ClickSave.
Priority 3: Default Revenue Account
* ClickAdd Rowto definePriority 3.
* SetPriority Orderas3.
* DefineCondition:
* Default Revenue Account = 4999(for any other transactions)
* Source Type: UseConstant Value.
* ClickSave.
Step 4: Validate and Assign the Account Rule
* ClickValidateto ensure the rule has no errors.
* Navigate toManage Journal Entry Rule Sets.
* Locate theAHC BillingJournal Entry Rule Set.
* Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).
* ClickSave and Close.
Step 5: Test the Account Rule
* Go toSubledger Accounting > Accounting Entries.
* Generate accounting for different transactions:
* Customer Billingshould deriveAccount 4000.
* Wholesale Customer Billingshould deriveAccount 4010.
* Other transactionsshould deriveAccount 4999.
* Review and confirm that the correct accounts are assigned.
NEW QUESTION # 26
A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?
- A. Use separate subledgers to share sub-ledger accounting rules
- B. Summarized Transaction type information cannot be sent for accounting transformation
- C. Use separate subledgers to ensure less data processing in each run
- D. A transaction type and its associated transaction data typically relate to a single document of transaction
- E. Use separate subledgers to provide more security across applications
Answer: C,D,E
NEW QUESTION # 27
The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Reversal and Recognition
- B. Deferral and Recognition
- C. Multiperiod and Recognition
Answer: B
NEW QUESTION # 28
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. Mapping set
- B. Segment
- C. Lookup type
- D. Value set
- E. Account combination
Answer: A,B,E
NEW QUESTION # 29
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. Source systems
- B. Event types
- C. Event classes
- D. Journal sources
Answer: B
NEW QUESTION # 30
Your client has a requirement to report directly from the transactional tables and return the results in real- time, in turn eliminating the need for a data warehouse.
Which tool would you suggest to your client for this purpose?
- A. Smart View
- B. Account Group
- C. Oracle Transactional Business Intelligence
- D. Financial Reporting Studio
Answer: C
NEW QUESTION # 31
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 Scope
- B. Select the value for Lookup Code
- C. Select the value for Functional Area
- D. Select the value for Feature
Answer: A
NEW QUESTION # 32
Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?
- A. DD-MON-YY
- B. DD-MON-YYYY
- C. YY-MON-DD
- D. YYYY-MON-DD
Answer: D
NEW QUESTION # 33
Which TWO options can you use for reconciling subledger journal entries with the source system?
- A. Submit the Subledger Accounting Diagnostics report
- B. Submit the Subledger Accounting Diagnostics report
- C. Tag supporting references with Journal Line Rules
- D. Submit Period Close Exception Report
Answer: B,D
NEW QUESTION # 34
Which duty role is required to authorize access to the import accounting transactions process?
- A. Accounting Hub Integration duty role
- B. Accounting Hub Create and Post Journal Entry duty role
- C. Accounting Hub Create Accounting duty role
- D. Accounting Hub Import duty role
Answer: A
NEW QUESTION # 35
You are explaining to an accountant that account override is an adjustment feature of subledger accounting.
Which two traits can help you explain this?
- A. It is intended to correct only the subledger journals that have been posted
- B. It adjusts the original source transaction
- C. It provides an audit trail by preserving the original subledger journal entry
- D. It enables users to record a reason for the adjustment
Answer: C,D
NEW QUESTION # 36
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. The event type name cannot exceed 30 characters
- B. You cannot add more than 10 sources when the Journal Display column is enabled
- C. You cannot add more than 30 sources when the Journal Display column is enabled
- D. The event type name cannot exceed 25 characters
Answer: B,D
NEW QUESTION # 37
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a chart of accounts rule with conditions
- B. Define a lookup type rule with conditions
- C. Define an account rule with conditions
- D. Define a flexfield rule with conditions
Answer: C
NEW QUESTION # 38
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. Subledger application name was not selected as a scope before defining the supporting reference
- B. Supporting reference tracking was not enabled while registering the source system
- C. Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added
- D. Supporting references can be used only with predefined applications, such as payable, assets, and expenses
Answer: A
NEW QUESTION # 39
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?
- A. Standard Accrual for China
- B. Standard Accrual
- C. Standard Accrual for USA
- D. Standard Accrual for Japan
- E. Standard Accrual with Encumbrances
Answer: B,D,E
NEW QUESTION # 40
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