Oracle 1Z0-1060-24 Exam Real Questions

Prepare and pass your Oracle Accounting Hub Cloud 2024 Implementation Professional with free 1Z0-1060-24 exam questions.

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Total 90 Questions | Updated On: Sep 13, 2024

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Question 1

'Insurances for Homes' company provide home insurance service. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools forslicing and dicing the Journal entries.

Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.

A : 'Amount' *( NumberofGLPeriod ('Effective Date', 'Last Day of Current Accounting Period') + 1)/ (NumberofGLPeriod ('Effective Date', 'Expiiy Date') + 1)

B : 'Amount' - ('Last Day of Current Accounting Period' - 'Effective Date' ) / ('Expiry Date' -'Effective Date')

C : 'Amount' * ('Last Day ol Current Accounting Period' - 'Effective Date' + 1) / (('Expiry Date' 'Effective Date') + 1)

D : 'Amount' * NumberofGLPeriod ('Effective Date', 'Last Day of Current Accounting Period') / NumberofGLPeriod ('Effective Date', 'Expiry Date')

Answer: D

Question 2

What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A : The user can customize the date format

B : MM-DD-YYYY

C : DD-MON-YYYY

D : YYYY-MM-DD

Answer: D

Question 3

What is the maximum length for a name of a transaction type in the Source System Transaction worksheet?

A : 25.

B : 40.

C : 20.

D : 30.

Answer: D

Question 4

Which tool will you use to review an account group in a graphical format from the Financial Reporting Center?

A : EPM

B : Sunburst

C : BI Composer

D : BI Catalog

Answer: D

Question 5

A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.

Which of the available General LedgerJournal Entry Summarization options meets this requirement?

A : Summarize by GL Date

B : Summarize by GL Period

C : Group by GL Date

D : Transfer in Details

Answer: A

Page: 1 / 18

Total 90 Questions | Updated On: Sep 13, 2024

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