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Oracle 1z0-1060-25 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Accounting Rules and Processing | - Event model and journal generation - Processing accounting entries - Accounting rules definition and maintenance |
| Topic 2: Troubleshooting and Maintenance | - Error handling and diagnostics - Performance monitoring and optimization |
| Topic 3: Reporting and Reconciliation | - Reconciliation processes and controls - Financial reporting outputs |
| Topic 4: Data Integration and Transformation | - Data ingestion methods and file-based loads - Mapping and transformation rules |
| Topic 5: Oracle Accounting Hub Cloud Overview | - Key components and architecture - Purpose and business value of Accounting Hub Cloud |
| Topic 6: Configuration and Setup | - Initial setup and enterprise configuration - Ledger and accounting configuration - Subledger accounting setup |
Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:
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?
- A. Revise source names and add more sources through the user interface
- B. Assign and update value set and lookup type assignments to sources
- C. Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
- D. Add new event classes through the user interface
- E. Modify the subledger application name as long as there are no pending accounting entries
Correct Answer: A,B,D π³οΈ
Your client decides to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which of the following THREE are predefined accounting methods?
- A. Standard Accrual for USA
- B. Standard Accrual for China
- C. Standard Accrual
- D. Standard Accrual with Encumbrances
- E. Standard Accrual for Japan
Correct Answer: B,C,D π³οΈ
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?
- A. One primary, one secondary ledger
- B. Two primary ledgers
- C. One primary, one reporting currency ledger
- D. One primary ledger
Correct Answer: D π³οΈ
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a lookup type rule with conditions
- B. Define an account rule with conditions
- C. Define a flexfield rule with conditions
- D. Define a chart of accounts rule with conditions
Correct Answer: B π³οΈ
Your client organization deals in providing loans to its customers. You are appointed as a consultant to implement Oracle Fusion Cloud Accounting Hub to standardize the accounting process. Your client has a requirement to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as the input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which two options allow the validation of input values on mapping sets?
- A. Segment values
- B. Chart of accounts segment
- C. Value sets
- D. Lookup types
Correct Answer: C,D π³οΈ
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