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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Adjusting Journal Entries: This section measures the skills of Accountants in creating sub-ledger journals that include overrides and adjustments as necessary. It covers techniques for ensuring journal entries reflect true financial positions. A key skill measured is accurately adjusting journal entries to maintain integrity.
Topic 2	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 3	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 4	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.
Topic 5	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 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	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 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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q33-Q38):

NEW QUESTION # 33
While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?

A. Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
B. Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
C. Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
D. The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set

Answer: D

NEW QUESTION # 34
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. Journal sources
B. Source systems
C. Event classes
D. Event types

Answer: D

NEW QUESTION # 35
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. Defaulted Period can be overwritten
B. 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
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 non-adjustment period
D. Defaulted Period cannot be overwritten

Answer: A,C

NEW QUESTION # 36
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 provides an audit trail by preserving the original subledger journal entry
C. It enables users to record a reason for the adjustment
D. It adjusts the original source transaction

Answer: B,C

NEW QUESTION # 37
What is NOT included in the minimum required accounting attribute assignments?

A. First Distribution Identifier
B. Distribution Type
C. Accounting Date
D. Second Distribution Identifier

Answer: D

NEW QUESTION # 38
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