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1Z0-1060-24 Practice Questions

Oracle Accounting Hub Cloud 2024 Implementation Professional Exam Practice Test


Total 16 Pages
Total 80 Questions

1Z0-1060-24 Practice Questions

Question# 1

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?
Choose the Choices:


Question# 2

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?
Choose the Choices:


Question# 3

The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the US
Choose the Choices:


Question# 4

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?
Choose the Choices:


Question# 5

Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. How many event classes will be generated by the system while registering the source system?
Choose the Choices:


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