Pass Oracle Financials Cloud 1z0-1060-25 exam [May 10, 2026] Updated 84 Questions
Oracle 1z0-1060-25 Actual Questions and 100% Cover Real Exam Questions
NEW QUESTION # 34
Which duty role is required to authorize access to the import accounting transactions process?
- A. Accounting Hub Create and Post Journal Entry duty role
- B. Accounting Hub Integration duty role
- C. Accounting Hub Import duty role
- D. Accounting Hub Create Accounting duty role
Answer: B
NEW QUESTION # 35
Which statement is true about journal entry rule sets?
- A. Description rules can be assigned only at the line level of a journal entry rule set.
- B. Description rules can be assigned only at the header level of a 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
NEW QUESTION # 36
Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
- A. Define a flexfield rule with conditions
- B. Define a lookup type rule with conditions
- C. Define a chart of accounts rule with conditions
- D. Define an account rule with conditions
Answer: D
NEW QUESTION # 37
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?
- A. Account combination
- B. Lookup type
- C. Value set
- D. Mapping set
- E. Segment
Answer: A,D,E
NEW QUESTION # 38
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 only at the header level of a journal entry rule set
- D. Description rules can be assigned at both the header and the line level of a journal entry rule set
Answer: D
NEW QUESTION # 39
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.
Answer:
Explanation:
Step-by-Step Guide to Create an Account Rule with 3 Priorities in Oracle Fusion Step 1: Navigate to Manage Account Rules
* Log into Oracle Fusion with appropriate privileges for Subledger Accounting.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), navigate to:
* Financials
* Subledger Accounting
* Manage Account Rules.
Step 2: Create the Account Rule
* ClickCreateto add a newAccount Rule.
* Enter the following details:
* Name: 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
* Rule Type: Account
* ClickSave, then proceed to definePriorities.
Step 3: Define Three Priorities for the Revenue Account Rule
Now, define three priorities for determining the revenue account:
Priority 1: Derived from Transaction Type
* ClickAdd Rowto definePriority 1.
* SetPriority Orderas1.
* DefineCondition:
* IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)
* Source Type: UseTransaction Typeas the basis.
* ClickSave.
Priority 2: Derived from Customer
* ClickAdd Rowto definePriority 2.
* SetPriority Orderas2.
* DefineCondition:
* IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)
* Source Type: UseCustomer Categoryas the basis.
* ClickSave.
Priority 3: Default Revenue Account
* ClickAdd Rowto definePriority 3.
* SetPriority Orderas3.
* DefineCondition:
* Default Revenue Account = 4999(for any other transactions)
* Source Type: UseConstant Value.
* ClickSave.
Step 4: Validate and Assign the Account Rule
* ClickValidateto ensure the rule has no errors.
* Navigate toManage Journal Entry Rule Sets.
* Locate theAHC BillingJournal Entry Rule Set.
* Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).
* ClickSave and Close.
Step 5: Test the Account Rule
* Go toSubledger Accounting > Accounting Entries.
* Generate accounting for different transactions:
* Customer Billingshould deriveAccount 4000.
* Wholesale Customer Billingshould deriveAccount 4010.
* Other transactionsshould deriveAccount 4999.
* Review and confirm that the correct accounts are assigned.
NEW QUESTION # 40
Which transaction source is used to link transaction header and line information?
- A. Transaction Number
- B. Transaction Key
- C. Transaction Date
- D. Transaction Type
Answer: A
NEW QUESTION # 41
You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.
Which TWO traits can help you further explain this feature?
- A. It is intended to correct only the subledger journals that have been posted
- B. It adjusts the original source transaction
- C. It provides an audit trail by preserving the original subledger journal entry
- D. It allows users to record a reason for the adjustment
Answer: C,D
NEW QUESTION # 42
The cloud client wants to drive an efficient transfer of accounting entries between Subledger Accounting and their General Ledgers. Hence, they are skipping the Post Subledger Journal Entries and Journal Import processes.
Under what three conditions are the improvements to transfer of Subledger Accounting entries to General Ledger enhancement ignored?
- A. When online accounting is submitted from the transaction pages
- B. When accounting is transferred outside of Fusion General Ledger
- C. When the Create Accounting process is submitted in Final and Post modes
- D. When the Multiperiod Accounting process is submitted
Answer: A,C,D
NEW QUESTION # 43
Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?
- A. DD-MON-YYYY
- B. DD-MON-YY
- C. YYYY-MON-DD
- D. YY-MON-DD
Answer: C
NEW QUESTION # 44
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?
- A. Define a separate journal entry rule set for each rate type
- B. Set up separate journal line rules for adjustable and fixed rates
- C. Set up separate description rules for adjustable and fixed rates
- D. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
Answer: B,D
NEW QUESTION # 45
What is NOT included in the minimum required accounting attribute assignments?
- A. Second Distribution Identifier
- B. Distribution Type
- C. First Distribution Identifier
- D. Accounting Date
Answer: A
NEW QUESTION # 46
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They decide to implement Accounting Hub to import their transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask for your suggestion about the sharing of accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
- A. Four subledgers; one for each source system
- B. Three subledgers; one for home loan and auto loan, second for consumer loan, and third for personal loan
- C. Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.
- D. One subledger for all four source systems
Answer: D
NEW QUESTION # 47
Your client deals in Banking, Insurance, and Stock Trading. They have separate transaction systems to process their transactions. You have been appointed as a consultant to implement Accounting Hub Cloud to streamline and standardize the accounting process for each of the source systems.
The client wants to generate the following accounting entries:
* Banking-related transactions on a daily basis
* Stock trading transactions on alternate days
* Insurance transactions on a weekly basis
Considering the nature of business, frequency of generating accounting entries, and the load on the system, how many source systems would you suggest?
- A. Three
- B. Two
- C. One
- D. Four
Answer: A
NEW QUESTION # 48
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Accounting Attribute Assignments
- B. Specify Ledger Options
- C. Manage Reporting Currencies
- D. Manage Subledger Accounting Options
Answer: C
NEW QUESTION # 49
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?
- A. Second Balancing segment
- B. Local Use segment
- C. Intercompany segment
- D. Management segment
- E. Cost Center segment
Answer: A
NEW QUESTION # 50
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