Free Oracle 1Z0-1060-24 Exam Questions

Become Oracle Certified with updated 1Z0-1060-24 exam questions and correct answers

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Total 80 Questions | Updated On: Jun 24, 2025

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Question 1

Which statement is true about journal entry rule sets?

A : Description rules can be assigned only at the header level of a journal entry rule set

B : Description rules must carry the same chart of accounts that is attached to the journal entry rule set

C : Description rules can be assigned at both the header and the line level of a journal entry rule set

Answer: C

Question 2

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 : Mapping sets are unique to each sub-ledger application, in order to know which input sources to make available.

B : The mappings can be entered only by using the user interface

C : You can define a default output value to use when actual input values do not match the mappings

D : One mapping set can be used for only one account rule at a time

E : You can use up to 10 transaction or reference attributes as input in a mapping

Answer: A,C,E

Question 3

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 Scope

B : Select the value for Feature

C : Select the value for Lookup Code

D : Select the value for Functional Area

Answer: A

Question 4

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 : At least one role is automatically provisioned to the user using role provisioning rules.

C : The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.

Answer: A,B

Question 5

You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany. For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segmentspecific rules. How will you achieve this while setting up the journal entry rule set?

A : Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section

B : Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method

C : Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references

D : Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger

Answer: A

Page: 1 / 16

Total 80 Questions | Updated On: Jun 24, 2025

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