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Oracle 1z0-1060-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 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

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 5

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 6

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 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

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 9

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.

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q34-Q39):

NEW QUESTION # 34
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?

A. Standard Accrual for Japan
B. Standard Accrual with Encumbrances
C. Standard Accrual for China
D. Standard Accrual for USA
E. Standard Accrual

Answer: A,B,E

NEW QUESTION # 35
You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?

A. Two
B. One
C. Four
D. Three

Answer: A

NEW QUESTION # 36
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: A

NEW QUESTION # 37
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?

A. Natural Account should be defined as a "Number" type source
B. Natural Account should be defined as a "Long Text" type source
C. Chart of Accounts Value column should be updated with a value of "Yes"
D. Natural Account should be defined as a "Text" type source

Answer: C,D

NEW QUESTION # 38
Which transaction source is used to link transaction header and line information?

A. Transaction Date
B. Transaction Key
C. Transaction Number
D. Transaction Type

Answer: C

NEW QUESTION # 39
......

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