Free Oracle 1Z0-1060-26 Exam Questions

You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar. How many primary ledgers will you create to achieve this requirement?

You are tasked with troubleshooting a Create Accounting error. What is the first step you need to take to use the Diagnostics Framework features?

Your client has operations in the US and the UK, and they currently use a third-party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system. While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process? 

Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed. What would be your recommendation to the customer?

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?