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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q44-Q49):

NEW QUESTION # 44
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 adjusts the original source transaction
B. It is intended to correct only the subledger journals that have been posted
C. It allows users to record a reason for the adjustment
D. It provides an audit trail by preserving the original subledger journal entry

Answer: C,D

NEW QUESTION # 45
A manual subledger journal did not reverse. What could be the reason for this?

A. The Create Accrual Reversal Accounting process had run and completed with no errors
B. The next accounting period was open
C. The next accounting period was future-enterable
D. The Reverse Accrual On field was left null

Answer: D

NEW QUESTION # 46
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 secondary ledger
B. One primary, one reporting currency ledger
C. One primary ledger
D. Two primary ledgers

Answer: C

NEW QUESTION # 47
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?

A. Lookup types
B. Segment values
C. Value sets
D. Chart of accounts segment

Answer: A,C

NEW QUESTION # 48
Your client decides to:
Configure a primary ledger for local statutory reporting requirements and a secondary ledger to manage alternative accounting requirements.
Use Financial Reporting Studio to manage the financial reports that leverage the cube connections.
They are seeking your advice to understand the cubes that the system creates to store the balances for these two ledgers.
Based on which unique combination of ledger components are the cube connections generated?

A. Calendar and Currency
B. Convention and Currency
C. Chart of Account and Currency
D. Chart of Account and Convention
E. Chart of Accounts and Calendar

Answer: E

NEW QUESTION # 49
......

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Pass Guaranteed Quiz 2025 Oracle 1z0-1060-24: Authoritative Valid Oracle Accounting Hub Cloud 2024 Implementation Professional Exam Objectives

Pass Guaranteed Quiz 1z0-1060-24 - Updated Valid Oracle Accounting Hub Cloud 2024 Implementation Professional Exam Objectives

Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q44-Q49):

Oracle 1z0-1060-24 Desktop-Based Practice Program

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