Updated Oct-2025 Test Engine to Practice 1z0-1060-25 Dumps & Practice Exam
Dumps Collection 1z0-1060-25 Test Engine Dumps Training With 84 Questions
NEW QUESTION # 45
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. Add new event classes through the user interface
- C. Assign and update value set and lookup type assignments to sources
- D. Modify the subledger application name as long as there are no pending accounting entries
- E. Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
Answer: A,B,C
NEW QUESTION # 46
Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?
- A. YY-MON-DD
- B. DD-MON-YY
- C. DD-MON-YYYY
- D. YYYY-MON-DD
Answer: D
NEW QUESTION # 47
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 cannot 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 can be overwritten
Answer: C,D
NEW QUESTION # 48
Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
- A. Account Groups and Sunburst
- B. Smart View
- C. Financial Reporting Studio
- D. Oracle Transactional Business Intelligence
Answer: A
NEW QUESTION # 49
Which statement is true about journal entry rule sets?
- A. Description rules can be assigned at both the header and the line level of a journal entry rule set.
- B. Description rules can be assigned only at the header level of a journal entry rule set.
- C. Description rules can be assigned only at the line level of a journal entry rule set.
Answer: A
NEW QUESTION # 50
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?
- A. Run Create Accounting again to generate journal entries for the events that ended in error
- B. Set the "SLA: Enable Diagnostic" profile option
- C. Submit the Accounting Event Diagnostics process
- D. Run the Accounting Events Diagnostic report
Answer: B
NEW QUESTION # 51
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. Three
- B. Two
- C. One
- D. Four
Answer: A
NEW QUESTION # 52
Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
- A. Account Groups and Sunburst
- B. Smart View
- C. Financial Reporting Studio
- D. Oracle Transactional Business Intelligence
Answer: A
NEW QUESTION # 53
Which FOUR actions can you perform with the help of the Security Console?
- A. Create Roles
- B. Manage User Name Generation Rules and Password Policies
- C. Manage Automatic Data Provisioning
- D. Manage Data Access for Users
- E. Manage Password of other Users
- F. Compare Roles
Answer: A,B,E,F
NEW QUESTION # 54
The cloud client wants to drive an efficient transfer of accounting entries between Subledger Accounting and their General Ledgers. Hence, they are skipping the Post Subledger Journal Entries and Journal Import processes.
Under what three conditions are the improvements to transfer of Subledger Accounting entries to General Ledger enhancement ignored?
- A. When accounting is transferred outside of Fusion General Ledger
- B. When online accounting is submitted from the transaction pages
- C. When the Multiperiod Accounting process is submitted
- D. When the Create Accounting process is submitted in Final and Post modes
Answer: B,C,D
NEW QUESTION # 55
You design an income statement report with the help of Financial Reporting Web Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
- A. ([3,5])
- B. ({3:5})
- C. ([3;5])
- D. ([3:5])
Answer: D
NEW QUESTION # 56
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?
- A. One
- B. Two
- C. Three
- D. Four
Answer: A
NEW QUESTION # 57
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
Answer: D
NEW QUESTION # 58
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.
How many event classes will be generated by the system while registering the source system?
- A. One
- B. Two
- C. Three
- D. Four
Answer: A
NEW QUESTION # 59
Your client, a banking organization, is currently using different transaction systems to take care of various types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
- A. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
- B. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
- C. A new transaction type cannot be added after the source system is registered.
- D. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
Answer: D
NEW QUESTION # 60
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. 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
- B. 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
- C. 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
- D. 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
Answer: B
NEW QUESTION # 61
You have recently created an analysis to review periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which two drill-through options are available for use?
- A. Drill to Detail Balances
- B. Drill to Account Inspector
- C. Drill to Financial Reporting Center
- D. Drill to Account Group
Answer: A,C
NEW QUESTION # 62
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 Feature
- B. Select the value for Scope
- C. Select the value for Lookup Code
- D. Select the value for Functional Area
Answer: B
NEW QUESTION # 63
You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
- A. [3,5][3,5][3,5]
- B. 3:5{3:5}3:5
- C. [3:5][3:5][3:5]
- D. [3;5][3;5][3;5]
Answer: C
NEW QUESTION # 64
A manual subledger journal did not reverse. What could be the reason for this?
- A. The Reverse Accrual On field was left null
- B. The next accounting period was open
- C. The Create Accrual Reversal Accounting process had run and completed with no errors
- D. The next accounting period was future-enterable
Answer: A
NEW QUESTION # 65
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 adjusts the original source transaction
- B. It enables users to record a reason for the adjustment
- C. It is intended to correct only the subledger journals that have been posted
- D. It provides an audit trail by preserving the original subledger journal entry
Answer: B,D
NEW QUESTION # 66
Which TWO options can you use for reconciling subledger journal entries with the source system?
- A. Submit the Subledger Accounting Diagnostics report
- B. Tag supporting references with Journal Line Rules
- C. Submit the Subledger Accounting Diagnostics report
- D. Submit Period Close Exception Report
Answer: A,D
NEW QUESTION # 67
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 Scope
- B. Select the value for a Functional Area.
- C. Select the value for a Feature
- D. Select the value for a Lookup Code
Answer: A
NEW QUESTION # 68
Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?
- A. Supporting references can be used only with predefined applications, such as payable, assets, and expenses
- B. Subledger application name was not selected as a scope before defining the supporting reference
- C. Supporting reference tracking was not enabled while registering the source system
- D. Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added
Answer: B
NEW QUESTION # 69
......
Oracle 1z0-1060-25 Dumps Cover Real Exam Questions: https://vcecollection.trainingdumps.com/1z0-1060-25-valid-vce-dumps.html
