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Oracle 1z0-1060-25 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. Given the business use case:
"New Trucks" runs a fleet of trucks in a rental business in the U.S. The majority of the trucks are owned; however, in some cases, "New Trucks" may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks" company has a subsidiary company "Fix Trucks" that maintains its own profit and loss entity. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?

A) One primary, one reporting currency ledger
B) Two primary ledgers
C) One primary ledger
D) One primary, one secondary ledger

2. Which transaction source is used to link transaction header and line information?

A) Transaction Date
B) Transaction Key
C) Transaction Number
D) Transaction Type

3. 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) Local Use segment
B) Intercompany segment
C) Cost Center segment
D) Management segment
E) Second Balancing segment

4. The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy.
It is headquartered in the USA. The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?

A) A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
B) Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger
C) Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
D) A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger

5. 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?

A) Purge Invalid and Unaccounted Accounting Hub Transactions Job
B) Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
C) Import Accounting Transactions Job with Purge Invalid Transaction parameter set to 'Yes'
D) Purge Accounting Hub Transactions Job

Solutions: