Pass Your 1z0-1060-24 Exam Easily – Real 1z0-1060-24 Practice Dump Updated Aug 10, 2025 [Q22-Q43]

Q22. You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?

Set the “SLA: Enable Diagnostic” profile option

Run Create Accounting again to generate journal entries for the events that ended in error

Submit the Accounting Event Diagnostics process

Run the Accounting Events Diagnostic report

Q23. Your customer needs to generate journal entries for the insurance premium collected from the sale of policies. The different components of the premium collected by the company include Basic Premium and Tax.
While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?

Document Key

Transaction Number

Document Sequence Number

Transaction Type

Q24. Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?

Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates

Define a separate journal entry rule set for each rate type

Set up separate description rules for adjustable and fixed rates

Set up separate journal line rules for adjustable and fixed rates

Q25. 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?

Defaulted Period can be overwritten

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

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

Defaulted Period cannot be overwritten

Q26. You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segment-specific rules.
How will you achieve this while setting up the journal entry rule set?

Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section

Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method

Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references

Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger

Q27. 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.

Q28. Which statement is true about journal entry rule sets?

Description rules can be assigned at both the header and the line level of a journal entry rule set.

Description rules can be assigned only at the header level of a journal entry rule set.

Description rules can be assigned only at the line level of a journal entry rule set.

Q29. Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants 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 an 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?

Chart of accounts segment

Value sets

Segment values

Lookup types

Q30. The Unified Migration option helps move functional setup data from one instance to another.
Which TWO statements are true about Unified Migration?

You need to manually download the configuration set from the source and manually upload it into the target

You can optionally migrate only the new changes if both environments are synchronized

The Unified Migration option requires registration of the target environment in the source environment

There is no need to import the migration set into a sandbox instance before it is applied to the target environment

Q31. SIMULATION
Challenge 3: Manage User Define Formulas
TASK
Create User Defined Formula for Admin Charges
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Q32. To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?

Event entities

Mapping sets

Transaction objects

Source objects

Q33. 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

Q34. Your new Oracle Fusion Cloud customer has a reporting requirement to balance general ledger journals not only between companies (primary balancing segments and Legal Entities) but also within divisions. The proposed chart of account structure has the following nine segments:
Company-Division-Department-Account-Subaccount-Product-Intercompany-Future1-Future2 Which segment label should be selected on Division to achieve the reporting requirement?

Cost Center segment

Second Balancing segment

Intercompany segment

Management segment

Local Use segment

Q35. 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]

Q36. 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?

Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added

Supporting references can be used only with predefined applications, such as payable, assets, and expenses

Supporting reference tracking was not enabled while registering the source system

Subledger application name was not selected as a scope before defining the supporting reference

Q37. 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

Q38. Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?

One subledger for all four source systems

Four subledgers, one for each source system

Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan

Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan

Q39. Which transaction source is used to link transaction header and line information?

Transaction Type

Transaction Date

Transaction Number

Transaction Key

Q40. 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?

Event types

Journal sources

Event classes

Source systems

Q41. SIMULATION
Challenge 2: Manage Account Rule
TASK
Create Account Rule with 3 priorities
Name of Account Rule: Revenue Account
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Q42. 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?

YY-MON-DD

DD-MON-YYYY

YYYY-MON-DD

DD-MON-YY

Q43. You are tasked with identifying the reason for a user from your client organization not being able to submit the job that imports the transaction data for accounting and posting in General Ledger.
You realize that a duty role needs to be associated with a job role for authorizing the access to import the accounting transactions process.
Which duty role would you suggest?

Accounting Hub Import Duty Role

Accounting Hub Create and Post Journal Entry Duty Role

Accounting Hub Create Accounting Duty Role

Accounting Hub Integration Duty Role