Free Practice Oracle 1Z0-1060-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Accounting Hub Cloud 2024 Implementation Professional 1Z0-1060-24 Dumps Practice Questions

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Total 80 Questions | Updated On: May 23, 2024

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Question 1

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 segmentspecific 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 accounting method

C : Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references

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

Question 2

The Unified Migration option helps move functional setup data from one instance to another. Which TWO statements are true about Unified Migration?

A : You need to manually download the configuration set from the source and manually upload it into the target

B : You can optionally migrate only the new changes if both environments are synchronized

C : The Unified Migration option requires registration of the target environment in the source environment

D : There is no need to import the migration set into a sandbox instance before it is applied to the target environment

Answer: B,C

Question 3

Given the business use case:

'New Trucks' runs a fleetof trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract andrecognized over the rental period. For maintenance of the trucks, the 'New Trucks* company has a subsidiary company 'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.

What would the typical line information be?

A : Customer Number

B : Truck Type

C : Company

D : TransactionDate

Answer: A

Question 4

A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.

Which of the available General LedgerJournal Entry Summarization options meets this requirement?

A : Summarize by GL Date

B : Summarize by GL Period

C : Group by GL Date

D : Transfer in Details

Answer: A

Question 5

Which FOUR actions can you perform with the help of the Security Console?

A : Manage Automatic Data Provisioning

B : Manage Data Access for Users

C : Manage User Name Generation Rules and Password Policies

D : Manage Password of other Users

E : Create Roles

F : Compare Roles

Answer: C,D,E,F

Page: 1 / 16

Total 80 Questions | Updated On: May 23, 2024

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