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100% Pass Oracle - 1z0-1060-24–High Pass-Rate Valid Exam Questions

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Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions (Q53-Q58):

NEW QUESTION # 53
You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segment-specific rules.
How will you achieve this while setting up the journal entry rule set?

  • A. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references
  • B. Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
  • C. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
  • D. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger

Answer: B


NEW QUESTION # 54
Which statement is true about journal entry rule sets?

  • A. Description rules can be assigned only at the line level of a journal entry rule set.
  • B. Description rules can be assigned at both the header and the line level of a journal entry rule set.
  • C. Description rules can be assigned only at the header level of a journal entry rule set.

Answer: B


NEW QUESTION # 55
You design an income statement report with the help of Financial Reporting Web Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?

  • A. ({3:5})
  • B. ([3:5])
  • C. ([3,5])
  • D. ([3;5])

Answer: B


NEW QUESTION # 56
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

Answer: A


NEW QUESTION # 57
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?

  • A. Select the value for Lookup Code
  • B. Select the value for Feature
  • C. Select the value for Functional Area
  • D. Select the value for Scope

Answer: D


NEW QUESTION # 58
......

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