[Apr-2026] Oracle Financials Cloud 1z0-1060-25 Exam Practice Test Questions Dumps Bundle!
2026 Updated 1z0-1060-25 PDF for the 1z0-1060-25 Tests Free Updated Today!
NEW QUESTION # 27
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.
How many event classes will be generated by the system while registering the source system?
- A. Three
- B. Two
- C. One
- D. Four
Answer: C
NEW QUESTION # 28
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 flexfield rule with conditions
- D. Define a chart of accounts rule with conditions
Answer: A
NEW QUESTION # 29
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. Financial Reporting Studio
- B. Account Groups and Sunburst
- C. Smart View
- D. Oracle Transactional Business Intelligence
Answer: B
NEW QUESTION # 30
Your company 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. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Event types
- B. Event classes
- C. Journal sources
- D. Source systems
Answer: A
NEW QUESTION # 31
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?
- A. Chief Financial Officer (CFO)
- B. General Accounting Manager
- C. General Accountant
- D. Financial Analyst
Answer: B
NEW QUESTION # 32
Your company 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. While analyzing the source transaction system, you are asked to propose an event model based on the activities performed by the company.
Based on your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Event types
- B. Event classes
- C. Journal sources
- D. Source systems
Answer: A
NEW QUESTION # 33
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
- C. Standard Accrual for China
- D. Standard Accrual for Japan
- E. Standard Accrual for USA
Answer: A,B,C
NEW QUESTION # 34
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. Cost Center segment
- B. Local Use segment
- C. Second Balancing segment
- D. Management segment
- E. Intercompany segment
Answer: C
NEW QUESTION # 35
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
- A. One subledger for all four source systems
- B. Four subledgers, one for each source system
- C. Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan
- D. Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan
Answer: A
NEW QUESTION # 36
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. The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.
- C. At least one role is automatically provisioned to the user using role provisioning rules.
Answer: A,C
NEW QUESTION # 37
The Unified Migration option helps move functional setup data from one instance to another.
Which TWO statements are true about Unified Migration?
- A. You need to manually download the configuration set from the source and manually upload it into the target
- B. The Unified Migration option requires registration of the target environment in the source environment
- C. There is no need to import the migration set into a sandbox instance before it is applied to the target environment
- D. You can optionally migrate only the new changes if both environments are synchronized
Answer: B,D
NEW QUESTION # 38
Challenge 2: Manage Account Rule
TASK
Create Account Rule with 3 priorities
Name of Account Rule: Revenue Account
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 an Account Rule with 3 Priorities in Oracle Fusion Step 1: Navigate to Manage Account Rules
* Log into Oracle Fusion with appropriate privileges for Subledger Accounting.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), navigate to:
* Financials
* Subledger Accounting
* Manage Account Rules.
Step 2: Create the Account Rule
* ClickCreateto add a newAccount Rule.
* Enter the following details:
* Name: Revenue Account
* Subledger Application: AHC Billing
* Process Category: AHC Billing
* Event Class: AHC Billing
* Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement
* Rule Type: Account
* ClickSave, then proceed to definePriorities.
Step 3: Define Three Priorities for the Revenue Account Rule
Now, define three priorities for determining the revenue account:
Priority 1: Derived from Transaction Type
* ClickAdd Rowto definePriority 1.
* SetPriority Orderas1.
* DefineCondition:
* IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)
* Source Type: UseTransaction Typeas the basis.
* ClickSave.
Priority 2: Derived from Customer
* ClickAdd Rowto definePriority 2.
* SetPriority Orderas2.
* DefineCondition:
* IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)
* Source Type: UseCustomer Categoryas the basis.
* ClickSave.
Priority 3: Default Revenue Account
* ClickAdd Rowto definePriority 3.
* SetPriority Orderas3.
* DefineCondition:
* Default Revenue Account = 4999(for any other transactions)
* Source Type: UseConstant Value.
* ClickSave.
Step 4: Validate and Assign the Account Rule
* ClickValidateto ensure the rule has no errors.
* Navigate toManage Journal Entry Rule Sets.
* Locate theAHC BillingJournal Entry Rule Set.
* Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).
* ClickSave and Close.
Step 5: Test the Account Rule
* Go toSubledger Accounting > Accounting Entries.
* Generate accounting for different transactions:
* Customer Billingshould deriveAccount 4000.
* Wholesale Customer Billingshould deriveAccount 4010.
* Other transactionsshould deriveAccount 4999.
* Review and confirm that the correct accounts are assigned.
NEW QUESTION # 39
What is NOT included in the minimum required accounting attribute assignments?
- A. Accounting Date
- B. First Distribution Identifier
- C. Distribution Type
- D. Second Distribution Identifier
Answer: D
NEW QUESTION # 40
A manual subledger journal did not reverse. What could be the reason for this?
- A. The Create Accrual Reversal Accounting process had run and completed with no errors
- B. The next accounting period was open
- C. The next accounting period was future-enterable
- D. The Reverse Accrual On field was left null
Answer: D
NEW QUESTION # 41
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 # 42
While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type.
What could be the reason for this issue?
- A. The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
- B. Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- C. Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
- D. Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
Answer: A
NEW QUESTION # 43
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. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template
- C. A new transaction type cannot be added after the source system is registered
- D. The source system should be registered again by including the Loan Interest Accrual Reversal event type
Answer: A
NEW QUESTION # 44
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.
While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?
- A. Transaction Number
- B. Document Sequence Number
- C. Document Key
- D. Transaction Type
Answer: A
NEW QUESTION # 45
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 Currency
- B. Chart of Account and Convention
- C. Chart of Accounts and Calendar
- D. Convention and Currency
- E. Calendar and Currency
Answer: C
NEW QUESTION # 46
Which two options can you use to reconcile subledger journal entries with the source system?
- A. Submit the Period Close Exception Report
- B. Submit the Subledger Accounting Diagnostics report
- C. Tag supporting references with Journal Line Rules
- D. Create and submit the Oracle Transactional BI Report to review supporting reference balances.
Answer: A,B
NEW QUESTION # 47
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: A
NEW QUESTION # 48
You recently created an analysis to review the periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which TWO drill-through options would meet the requirement?
- A. Drill to Detail Balances
- B. Drill to Account Group
- C. Drill to Account Inspector
- D. Drill to Financial Reporting Center
Answer: A,C
NEW QUESTION # 49
Which four actions can you take by using Security Console?
- A. Compare Roles
- B. Manage Automatic Data Provisioning
- C. Manage User Name Generation Rules and Password Policies
- D. Manage Password of Other Users
- E. Create Roles
- F. Manage Data Access for Users
Answer: A,C,D,E
NEW QUESTION # 50
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 Functional Area
- B. Select the value for Feature
- C. Select the value for Lookup Code
- D. Select the value for Scope
Answer: D
NEW QUESTION # 51
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Subledger Accounting Options
- B. Manage Reporting Currencies
- C. Manage Accounting Attribute Assignments
- D. Specify Ledger Options
Answer: B
NEW QUESTION # 52
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