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

2. 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.
How many event classes will be generated by the system while registering the source system?

A) One
B) Four
C) Three
D) Two

3. 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?

A) 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
B) 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
C) 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
D) 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

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

A) Define an account rule with conditions
B) Define a chart of accounts rule with conditions
C) Define a lookup type rule with conditions
D) Define a flexfield rule with conditions

5. 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?

A) You cannot add more than 30 sources when the Journal Display column is enabled
B) The event type name cannot exceed 25 characters
C) You cannot add more than 10 sources when the Journal Display column is enabled
D) The event type name cannot exceed 30 characters

Solutions: