Oracle 1z0-1060-25 : Oracle Accounting Hub Cloud 2025Implementation Professional

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Oracle 1z0-1060-25 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. 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?

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

2. Your client decides to:
* Configure a primary ledger for local statutory reporting requirements and a secondary ledger to manage alternative accounting requirements.
* Use Financial Reporting Studio to manage the financial reports that leverage the cube connections.
They are seeking your advice to understand the cubes that the system creates to store the balances for these two ledgers.
Based on which unique combination of ledger components are the cube connections generated?

A) Chart of Account and Convention
B) Chart of Accounts and Calendar
C) Calendar and Currency
D) Chart of Account and Currency
E) Convention and Currency

3. 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 non-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 adjustment period
D) Defaulted Period can be overwritten

4. The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Multiperiod and Recognition
B) Reversal and Recognition
C) Deferral and Recognition

5. Which is an alternate way to implement a mapping set rule?

A) Define an account rule with conditions
B) Define a flexfield rule with conditions
C) Define a lookup type rule with conditions
D) Define a chart of account rule with conditions

Solutions: