Free 1z0-1060-25 pdf Files With Updated and Accurate Dumps Training [Q25-Q40]

Q25. Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?

Define a chart of accounts rule with conditions

Define a lookup type rule with conditions

Define an account rule with conditions

Define a flexfield rule with conditions

Q26. 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?

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

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

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

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

Q27. Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?

Oracle Transactional Business Intelligence

Account Group

Smart View

Financial Reporting Studio

Q28. Your customer wants to enter subledger journals in adjusting periods using the ADFDi spreadsheets.
Which TWO statements are true about entering journals in adjusting periods?

Defaulted Period can be overwritten

If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the adjustment period

If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the non-adjustment period

Defaulted Period cannot be overwritten

Q29. Your client provides loans to their customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
Which FOUR value types should you use in the definition of your account rules to generate journal entries as per the customer’s requirement?

Source

Mapping set

Constant

Account combination

Value set

Account rule

Q30. A manual subledger journal did not reverse. What could be the reason for this?

The next accounting period was future-enterable

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

The next accounting period was open

The Reverse Accrual On field was left null

Q31. 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?

Value sets

Segment values

Chart of accounts segment

Lookup types

Q32. Which statement is true about journal entry rule sets?

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

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

Description rules can be assigned only at the line level of a journal entry rule set.

Q33. Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?

Thirty supporting references with balances have already been defined, so a new supporting reference cannot be added

Supporting references can be used only with predefined applications, such as payable, assets, and expenses

Supporting reference tracking was not enabled while registering the source system

Subledger application name was not selected as a scope before defining the supporting reference

Q34. 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.

Q35. 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?

Event types

Event classes

Source systems

Journal sources

Q36. Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants 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 an 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?

Chart of accounts segment

Value sets

Segment values

Lookup types

Q37. Which statement is true about journal entry rule sets?

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

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

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

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

Q38. 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?

Event types

Event classes

Source systems

Journal sources

Q39. 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?

Modify the subledger application name as long as there are no pending accounting entries

Assign and update value set and lookup type assignments to sources

Revise source names and add more sources through the user interface

Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers

Add new event classes through the user interface

Q40. Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.
Which job would you submit to purge the invalid transactions?

Import Accounting Transactions Job with Purge Invalid Transaction parameter set to ‘Yes’

Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions

Purge Invalid and Unaccounted Accounting Hub Transactions Job

Purge Accounting Hub Transactions Job