Oracle 1z0-1060-25 Real Exam Questions and Answers FREE [Q30-Q50]

NEW QUESTION 30
You are explaining to an accountant that account override is an adjustment feature of subledger accounting.
Which two traits can help you explain this?

It enables users to record a reason for the adjustment

It provides an audit trail by preserving the original subledger journal entry

It is intended to correct only the subledger journals that have been posted

It adjusts the original source transaction

NEW QUESTION 31
Challenge 1: Manage Journal Line Rule
TASK
Create 2 Journal Line Rule
Interest Receivable
Interest Income
Subledger Application: AHC Loan
Process Category: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment

NEW QUESTION 32
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?

Select the value for a Functional Area.

Select the value for a Feature

Select the value for a Lookup Code

Select the value for a Scope

NEW QUESTION 33
What is NOT included in the minimum required accounting attribute assignments?

Distribution Type

Second Distribution Identifier

Accounting Date

First Distribution Identifier

NEW QUESTION 34
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?

Value sets

Segment values

Chart of accounts segment

Lookup types

NEW QUESTION 35
Which three duty roles are required to perform Accounting Hub setup tasks?

Accounting Hub Administration

Subledger Accounting Manager

Accounting Hub Integration

Application Implementation Consultant

Accounting Hub Maintenance

NEW QUESTION 36
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?

Four

Three

One

Two

NEW QUESTION 37
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

Manage Reporting Currencies

Specify Ledger Options

Manage Accounting Attribute Assignments

Manage Subledger Accounting Options

NEW QUESTION 38
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?

Select the value for Scope

Select the value for Feature

Select the value for Lookup Code

Select the value for Functional Area

NEW QUESTION 39
Which two conditions must be met for automatic data provisioning to work?

At least one of the user’s assignments matches all data-mapping conditions in a data provisioning rule.

At least one role is automatically provisioned to the user using role provisioning rules.

The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.

NEW QUESTION 40
Your client, a banking organization, has operations in the USA, the UK, France, Japan, and Singapore. As an implementation consultant, you ask the project team to maintain a global chart of accounts. However, the management team in the UK does not agree to allow the generation of dynamic code combinations for the chart of accounts values.
What solution would you propose to address this scenario?

Define one chart of accounts structure and enable dynamic inserts for the USA, France, Japan, and Singapore at the ledger options level, but disable it for the UK ledger

Define two charts of accounts structures. Enable dynamic inserts for the first structure and disable it for the second one. Assign the first structure to the USA, France, Japan, and Singapore ledgers and the second structure to the UK ledger.

Define one chart of accounts structure and disable dynamic inserts for the UK ledger by using the
“Allow Dynamic Inserts” profile option

Define two chart of accounts structure instances. Enable dynamic inserts for the first structure instance and disable it for the second one. Assign the first chart of accounts structure instance to the USA, France, Japan, and Singapore ledgers and the second chart of accounts structure instance to the UK ledger.

NEW QUESTION 41
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?

([3,5])

({3:5})

([3;5])

([3:5])

NEW QUESTION 42
Your client has implemented the Accounting Hub Cloud solution. They import their transaction data from the source system on a daily basis, and while doing so, some transactions are not being accounted properly. They want these invalid transactions purged and the correct transactions re-imported.
Which job would you submit to purge the invalid transactions?

Set Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions

Import Accounting Transactions Job with Purge Invalid Transaction parameter set to “Yes”

Purge Invalid and Unaccounted Accounting Hub Transactions Job

Purge Accounting Hub Transactions Job

NEW QUESTION 43
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?

[3;5][3;5][3;5]

[3,5][3,5][3,5]

3:5{3:5}3:5

[3:5][3:5][3:5]

NEW QUESTION 44
Which duty role is required to authorize access to the import accounting transactions process?

Accounting Hub Import duty role

Accounting Hub Integration duty role

Accounting Hub Create and Post Journal Entry duty role

Accounting Hub Create Accounting duty role

NEW QUESTION 45
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?

One primary ledger

One primary, one secondary ledger

Two primary ledgers

One primary, one reporting currency ledger

NEW QUESTION 46
Your client 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. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?

Chart of Accounts Value column should be updated with a value of “Yes”

Natural Account should be defined as a “Number” type source

Natural Account should be defined as a “Text” type source

Natural Account should be defined as a “Long Text” type source

NEW QUESTION 47
Your client, a banking organization, is currently using different transaction systems for different 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.
The customer now asks you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?

Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template

The source system should be registered again by including the Loan Interest Accrual Reversal event type

A new transaction type cannot be added after the source system is registered

Loan Interest Accrual Reversal can be added as a new event type from the user interface

NEW QUESTION 48
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?

General Accountant

General Accounting Manager

Chief Financial Officer (CFO)

Financial Analyst

NEW QUESTION 49
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?

Standard Accrual for USA

Standard Accrual for Japan

Standard Accrual with Encumbrances

Standard Accrual

Standard Accrual for China

NEW QUESTION 50
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?

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

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

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

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

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