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Latest Oracle 1z0-1060-24 Questions in Three Different Formats

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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

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

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 3

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 4

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 5

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 6

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 7

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 8

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 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.

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
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 a Lookup Code
B. Select the value for a Feature
C. Select the value for a Scope
D. Select the value for a Functional Area.

Answer: C

NEW QUESTION # 51
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?

A. Chief Financial Officer (CFO)
B. General Accountant
C. General Accounting Manager
D. Financial Analyst

Answer: C

NEW QUESTION # 52
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 criteri a. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?

A. Account combination
B. Lookup type
C. Mapping set
D. Segment
E. Value set

Answer: A,C,D

NEW QUESTION # 53
Which four actions can you take by using Security Console?

A. Manage Automatic Data Provisioning
B. Manage Password of Other Users
C. Create Roles
D. Manage User Name Generation Rules and Password Policies
E. Compare Roles
F. Manage Data Access for Users

Answer: B,C,D,E

NEW QUESTION # 54
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. Two
B. One
C. Three
D. Four

Answer: C

NEW QUESTION # 55
......

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