Free Oracle 1Z0-1060-24 Exam Actual Questions

The questions for 1Z0-1060-24 were last updated On Apr 27, 2025

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Question No. 1

Your client has operations in both the US and the UK. They currently use a third-party billing system to process transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team for the Accounting Hub solution. Your client wants to retrieve chart of accounts values for the line of business segment based on customer classification.

You decide to use the mapping sets functionality to fulfill this requirement.

Which THREE statements are true about using mapping sets?

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Correct Answer: A, C, E

Question No. 2

To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.

What are the tables or views called?

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Correct Answer: C

Question No. 3

You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.

How many primary ledgers will you create to achieve this requirement?

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Correct Answer: B

Question No. 4

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?

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Correct Answer: C

Question No. 5

Which two conditions must be met for automatic data provisioning to work?

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Correct Answer: A, B