Best Way To Study For Oracle 1z0-1060-25 Exam Brilliant 1z0-1060-25 Exam Questions PDF
Updated Verified Pass 1z0-1060-25 Exam - Real Questions and Answers
NEW QUESTION # 13
Your client, a banking organization, is currently using different transaction systems to take care of various 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.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
- A. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
- B. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
- C. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
- D. A new transaction type cannot be added after the source system is registered.
Answer: A
NEW QUESTION # 14
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: B
NEW QUESTION # 15
The cloud client wants to drive an efficient transfer of accounting entries between Subledger Accounting and their General Ledgers. Hence, they are skipping the Post Subledger Journal Entries and Journal Import processes.
Under what three conditions are the improvements to transfer of Subledger Accounting entries to General Ledger enhancement ignored?
- A. When the Multiperiod Accounting process is submitted
- B. When online accounting is submitted from the transaction pages
- C. When accounting is transferred outside of Fusion General Ledger
- D. When the Create Accounting process is submitted in Final and Post modes
Answer: A,B,D
NEW QUESTION # 16
Challenge 4: Manage Description Rule
TASK
Create Description Rule
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement See the Explanation below for all the solution.
Answer:
Explanation:
Step-by-Step Guide to Create a Description Rule in Oracle Fusion
Step 1: Navigate to Manage Description Rules
Log in to Oracle Fusion with appropriate privileges for configuring Subledger Accounting.
Go to Setup and Maintenance.
In the Functional Setup Manager (FSM), navigate to:
Financials
Subledger Accounting
Manage Description Rules.
Step 2: Create a New Description Rule
Click Create to define a new Description Rule.
Enter the following details:
Name: AHC Billing Description Rule
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement Description: Enter a meaningful description, such as:
"Auto-generated description for AHC Billing transactions."
Click Save, then proceed to define the logic.
Step 3: Define the Description Rule Logic
Under Conditions, define a formula using transaction attributes to generate meaningful descriptions dynamically.
Click Add Condition, then define the description using placeholders.
Example formula:
'Transaction Type: ' || {Transaction Type} || ', Customer: ' || {Customer Name} || ', Amount: ' || {Transaction Amount}
* This rule constructs a description dynamically, showing:
* Transaction Type
* Customer Name
* Transaction Amount
* Example Output:
* "Transaction Type: Customer Billing, Customer: John Doe, Amount: $500"
* ClickValidateto ensure there are no syntax errors.
Step 4: Assign the Description Rule
* Navigate toManage Journal Entry Rule Sets.
* Locate theAHC BillingJournal Entry Rule Set.
* Assign the newly createdDescription Ruleto the appropriateJournal Line Rule.
* ClickSave and Close.
Step 5: Validate and Deploy the Rule
* ClickValidateto check for errors.
* Deploy the rule by submitting the changes.
* Ensure the rule is attached to theAHC Billing journal entries.
Step 6: Test the Description Rule
* Navigate toSubledger Accounting > Accounting Entries.
* Generate accounting for different test transactions.
* Verify that thejournal entry descriptionsmatch the expected format.
NEW QUESTION # 17
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?
- A. Lookup types
- B. Value sets
- C. Segment values
- D. Chart of accounts segment
Answer: A,B
NEW QUESTION # 18
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?
- A. DD-MON-YYYY
- B. YYYY-MON-DD
- C. DD-MON-YY
- D. YY-MON-DD
Answer: B
NEW QUESTION # 19
Which is an alternate way to implement a mapping set rule?
- A. Define a lookup type rule with conditions
- B. Define an account rule with conditions
- C. Define a flexfield rule with conditions
- D. Define a chart of account rule with conditions
Answer: B
NEW QUESTION # 20
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?
- A. Management segment
- B. Second Balancing segment
- C. Local Use segment
- D. Intercompany segment
- E. Cost Center segment
Answer: B
NEW QUESTION # 21
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 "Text" type source
- B. Chart of Accounts Value column should be updated with a value of "Yes"
- C. Natural Account should be defined as a "Number" type source
- D. Natural Account should be defined as a "Long Text" type source
Answer: A,B
NEW QUESTION # 22
Which two options can you use to reconcile subledger journal entries with the source system?
- A. Submit the Period Close Exception Report
- B. Create and submit the Oracle Transactional BI Report to review supporting reference balances.
- C. Submit the Subledger Accounting Diagnostics report
- D. Tag supporting references with Journal Line Rules
Answer: A,C
NEW QUESTION # 23
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?
- A. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template
- B. Loan Interest Accrual Reversal can be added as a new event type from the user interface
- C. The source system should be registered again by including the Loan Interest Accrual Reversal event type
- D. A new transaction type cannot be added after the source system is registered
Answer: B
NEW QUESTION # 24
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Accounting Hub Integration
- C. Subledger Accounting Manager
- D. Accounting Hub Maintenance
- E. Application Implementation Consultant
Answer: B,C,E
NEW QUESTION # 25
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 with Encumbrances
- B. Standard Accrual for Japan
- C. Standard Accrual for USA
- D. Standard Accrual for China
- E. Standard Accrual
Answer: A,D,E
NEW QUESTION # 26
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?
- A. 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
- B. 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.
- C. 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.
- D. Define one chart of accounts structure and disable dynamic inserts for the UK ledger by using the
"Allow Dynamic Inserts" profile option
Answer: D
NEW QUESTION # 27
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?
- A. Set up separate description rules for adjustable and fixed rates
- B. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
- C. Set up separate journal line rules for adjustable and fixed rates
- D. Define a separate journal entry rule set for each rate type
Answer: B,C
NEW QUESTION # 28
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?
- A. Source objects
- B. Event entities
- C. Transaction objects
- D. Mapping sets
Answer: C
NEW QUESTION # 29
Your client has a requirement to report directly from the transactional tables and return the results in real- time, in turn eliminating the need for a data warehouse.
Which tool would you suggest to your client for this purpose?
- A. Smart View
- B. Account Group
- C. Oracle Transactional Business Intelligence
- D. Financial Reporting Studio
Answer: C
NEW QUESTION # 30
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. You decide to set up three separate journal line rules to account for Basic Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?
- A. Business Flow Class
- B. Rounding Class
- C. Accounting Class
- D. Event Class
Answer: D
NEW QUESTION # 31
What is NOT included in the minimum required accounting attribute assignments?
- A. Accounting Date
- B. First Distribution Identifier
- C. Second Distribution Identifier
- D. Distribution Type
Answer: C
NEW QUESTION # 32
Which four actions can you take by using Security Console?
- A. Manage User Name Generation Rules and Password Policies
- B. Create Roles
- C. Manage Automatic Data Provisioning
- D. Manage Data Access for Users
- E. Compare Roles
- F. Manage Password of Other Users
Answer: A,B,E,F
NEW QUESTION # 33
Which two conditions must be met for automatic data provisioning to work?
- A. At least one of the user's assignments matches all data-mapping conditions in a data provisioning rule.
- B. At least one role is automatically provisioned to the user using role provisioning rules.
- C. The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.
Answer: A,B
NEW QUESTION # 34
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