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Oracle 1z0-1060-25 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. 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 journal line 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) Define a separate journal entry rule set for each rate type
D) Set up separate description rules for adjustable and fixed rates

2. In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.
Which action should you take to specify the context?

A) Select the value for a Lookup Code
B) Select the value for a Scope
C) Select the value for a Functional Area.
D) Select the value for a Feature

3. Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.
You decide to use the mapping sets functionality to fulfill this requirement.
Which THREE statements are true about using mapping sets?

A) You can use up to 10 transaction or reference attributes as input in a mapping
B) One mapping set can be used for only one account rule at a time
C) Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.
D) The mappings can be entered only by using the user interface
E) You can define a default output value to use when actual input values do not match the mappings

4. Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?

A) Smart View
B) Oracle Transactional Business Intelligence
C) Account Groups and Sunburst
D) Financial Reporting Studio

5. Given the business use case:
"New Trucks" runs a fleet of trucks in a rental business in the U.S. The majority of the trucks are owned; however, in some cases, "New Trucks" may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks" company has a subsidiary company "Fix Trucks" that maintains its own profit and loss entity. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?

A) One primary ledger
B) One primary, one reporting currency ledger
C) Two primary ledgers
D) One primary, one secondary ledger

Solutions: