Oracle Accounting Hub Cloud 2025Implementation Professional (1z0-1060-25) Free Practice Test

Question 1

You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?

A. Group by general ledger date

B. Summarize by general ledger period

C. Summarize by general ledger date

D. Group by general ledger period

E. Summarize by journal category

F. Summarize by journal source

Correct Answer: B,C

Question 2

A manual subledger journal did not reverse. What could be the reason for this?

A. The next accounting period was future-enterable

B. The Reverse Accrual On field was left null

C. The Create Accrual Reversal Accounting process had run and completed with no errors

D. The next accounting period was open

Correct Answer: B

Question 3

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.

Correct Answer: A,B

Question 4

Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?

A. Standard Accrual for USA

B. Standard Accrual for Japan

C. Standard Accrual with Encumbrances

D. Standard Accrual for China

E. Standard Accrual

Correct Answer: B,C,E

Question 5

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. A new transaction type cannot be added after the source system is registered

B. The source system should be registered again by including the Loan Interest Accrual Reversal event type

C. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template

D. Loan Interest Accrual Reversal can be added as a new event type from the user interface

Correct Answer: D

Question 6

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. Reversal and Recognition

B. Deferral and Recognition

C. Multiperiod and Recognition

Correct Answer: B

Question 7

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 Account Group

B. Drill to Financial Reporting Center

C. Drill to Account Inspector

D. Drill to Detail Balances

Correct Answer: C,D

Question 8

Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?

A. General Accounting Manager

B. Chief Financial Officer (CFO)

C. General Accountant

D. Financial Analyst

Correct Answer: A

Question 9

Your client organization deals in providing loans to its customers. You are appointed as a consultant to implement Oracle Fusion Cloud Accounting Hub to standardize the accounting process. Your client has a requirement to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as the input source. Your client wants the values to be validated from a list while creating the input and output mappings.
Which two options allow the validation of input values on mapping sets?

A. Lookup types

B. Segment values

C. Value sets

D. Chart of accounts segment

Correct Answer: A,C

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Oracle Accounting Hub Cloud 2025Implementation Professional (1z0-1060-25) Free Practice Test