1Z0-1060-24 LEAD2PASS REVIEW - 1Z0-1060-24 VALID TEST ANSWERS

1z0-1060-24 Lead2pass Review - 1z0-1060-24 Valid Test Answers

1z0-1060-24 Lead2pass Review - 1z0-1060-24 Valid Test Answers

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q72-Q77):

NEW QUESTION # 72
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 from the user interface
  • B. A new transaction type cannot be added after the source system is registered
  • C. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template
  • D. The source system should be registered again by including the Loan Interest Accrual Reversal event type

Answer: A


NEW QUESTION # 73
Which statement is true about journal entry rule sets?

  • A. Description rules can be assigned only at the line level of a journal entry rule set.
  • B. Description rules can be assigned at both the header and the line level of a journal entry rule set.
  • C. Description rules can be assigned only at the header level of a journal entry rule set.

Answer: B


NEW QUESTION # 74
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?

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

Answer: A


NEW QUESTION # 75
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?

  • A. Two
  • B. One
  • C. Four
  • D. Three

Answer: B


NEW QUESTION # 76
Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?

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

Answer: B


NEW QUESTION # 77
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