Free Practice Oracle 1Z0-1060-25 Exam Questions 2025

Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application? 

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?

Given the business use case: "New Trucks" runs a fleet of trucks in a rental business in the U.S. The majority of the trucks are owned; however, in some cases, "New Trucks" 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 and recognized 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. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions. How many ledgers are required to be set up? 

NO: 3: 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?

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?