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Oracle 1z0-1060-25 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. 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])

2. Your client has implemented the Accounting Hub Cloud solution. They import their transaction data from the source system on a daily basis, and while doing so, some transactions are not being accounted properly. They want these invalid transactions purged and the correct transactions re-imported.
Which job would you submit to purge the invalid transactions?

A) Set Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
B) Purge Invalid and Unaccounted Accounting Hub Transactions Job
C) Purge Accounting Hub Transactions Job
D) Import Accounting Transactions Job with Purge Invalid Transaction parameter set to "Yes"

3. 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. Your customer wants to know the changes that are allowed after registering a source system.
Which THREE actions can be performed after registering a source system?

A) Revise source names and add more sources through the user interface
B) Add new event classes through the user interface
C) Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
D) Assign and update value set and lookup type assignments to sources
E) Modify the subledger application name as long as there are no pending accounting entries

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

5. The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Deferral and Recognition
B) Reversal and Recognition
C) Multiperiod and Recognition

Solutions: