Free Oracle 1Z0-1060-24 Exam Actual Questions & Explanations

Last updated on: Jun 12, 2026

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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

Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.

You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.

What could be the reason for this issue?

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Correct Answer: D

Question No. 3

Your client provides loans to their customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.

Which FOUR value types should you use in the definition of your account rules to generate journal entries as per the customer's requirement?

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Correct Answer: A, B, C, F

Question No. 4

In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.

Which action should you take to specify the context?

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Correct Answer: D

Question No. 5

Your client decides to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.

Which of the following THREE are predefined accounting methods?

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Correct Answer: C, D, E