1z0-1060-25 Oracle Accounting Hub Cloud 2025Implementation Professional Free Practice Exam Questions (2025 Updated)

Prepare effectively for your Oracle 1z0-1060-25 Oracle Accounting Hub Cloud 2025Implementation Professional certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 80 questions

Question # 6

Challenge 4: Manage Description Rule

TASK

Create Description Rule

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Explanation:

Step-by-Step Guide to Create a Description Rule in Oracle Fusion

Step 1: Navigate to Manage Description Rules

Go to Setup and Maintenance.

In the Functional Setup Manager (FSM), navigate to:

Financials

Subledger Accounting

Manage Description Rules.

Step 2: Create a New Description Rule

Click Create to define a new Description Rule.

Enter the following details:

Name: AHC Billing Description Rule

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Description: Enter a meaningful description, such as:

"Auto-generated description for AHC Billing transactions."

Click Save, then proceed to define the logic.

Step 3: Define the Description Rule Logic

Under Conditions, define a formula using transaction attributes to generate meaningful descriptions dynamically.

Click Add Condition, then define the description using placeholders.

Example formula:

'Transaction Type: ' || {Transaction Type} || ', Customer: ' || {Customer Name} || ', Amount: ' || {Transaction Amount}

This rule constructs a description dynamically, showing:

Transaction Type

Customer Name

Transaction Amount

Example Output:

"Transaction Type: Customer Billing, Customer: John Doe, Amount: $500"

ClickValidateto ensure there are no syntax errors.

Step 4: Assign the Description Rule

Navigate toManage Journal Entry Rule Sets.

Locate theAHC BillingJournal Entry Rule Set.

Assign the newly createdDescription Ruleto the appropriateJournal Line Rule.

ClickSave and Close.

Step 5: Validate and Deploy the Rule

ClickValidateto check for errors.

Deploy the rule by submitting the changes.

Ensure the rule is attached to theAHC Billing journal entries.

Step 6: Test the Description Rule

Navigate toSubledger Accounting > Accounting Entries.

Generate accounting for different test transactions.

Verify that thejournal entry descriptionsmatch the expected format.

Question # 7

Challenge 1: Manage Journal Line Rule

TASK

Create 2 Journal Line Rule

Interest Receivable

Interest Income

Subledger Application: AHC Loan

Process Category: AHC Loan

Event Class: AHC Loan

Event Type: Loan Origination, Interest Accrual, Payment

Explanation:

To create Journal Line Rules (JLR) in Oracle Fusion, follow these step-by-step instructions:

Step 1: Navigate to the Manage Subledger Journal Entry Rule Sets Page

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), select:

Financials

Subledger Accounting

Manage Journal Line Rules

Step 2: Create the "Interest Receivable" Journal Line Rule

ClickCreateto add a new Journal Line Rule.

Enter the following details:

Name: Interest Receivable

Subledger Application:AHC Loan

Event Class:AHC Loan

Event Type:Loan Origination, Interest Accrual, Payment

Account Class: (Choose the appropriate account class, such as "Receivable" or a custom account class)

Line Type: Debit

Description: (Optional, enter something like “Recognizes interest receivable”)

UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.

Save and Close.

Step 3: Create the "Interest Income" Journal Line Rule

ClickCreateagain to add the second Journal Line Rule.

Enter the following details:

Name: Interest Income

Subledger Application:AHC Loan

Event Class:AHC Loan

Event Type:Loan Origination, Interest Accrual, Payment

Account Class: (Choose an appropriate account class, such as "Revenue" or a custom account class)

Line Type: Credit

Description: (Optional, enter something like “Recognizes interest income”)

UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.

Save and Close.

Step 4: Validate and Deploy the Rules

Navigate toManage Accounting Methods.

Find the accounting method used for theAHC Loansubledger.

Attach the newly createdJournal Line Rulesto the appropriateJournal Entry Rule Set.

Validate the changes and submit them for approval.

Once validated, deploy the accounting method.

Step 5: Test the Journal Line Rules

Navigate toSubledger Accounting > Accounting Entries.

Generate accounting for a testLoan Origination, Interest Accrual, or Paymenttransaction.

Verify that the correct Journal Entries are created:

Interest Receivable (DR)

Interest Income (CR)

Question # 8

Challenge 2: Manage Account Rule

TASK

Create Account Rule with 3 priorities

Name of Account Rule: Revenue Account

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Explanation:

Step-by-Step Guide to Create an Account Rule with 3 Priorities in Oracle Fusion

Step 1: Navigate to Manage Account Rules

Log into Oracle Fusion with appropriate privileges for Subledger Accounting.

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), navigate to:

Financials

Subledger Accounting

Manage Account Rules.

Step 2: Create the Account Rule

ClickCreateto add a newAccount Rule.

Enter the following details:

Name: Revenue Account

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Rule Type: Account

ClickSave, then proceed to definePriorities.

Step 3: Define Three Priorities for the Revenue Account Rule

Now, define three priorities for determining the revenue account:

Priority 1: Derived from Transaction Type

ClickAdd Rowto definePriority 1.

SetPriority Orderas1.

DefineCondition:

IfTransaction Type = "Customer Billing", thenAccount = 4000 (Revenue Account)

Source Type: UseTransaction Typeas the basis.

ClickSave.

Priority 2: Derived from Customer

ClickAdd Rowto definePriority 2.

SetPriority Orderas2.

DefineCondition:

IfCustomer Category = "Wholesale", thenAccount = 4010 (Wholesale Revenue)

Source Type: UseCustomer Categoryas the basis.

ClickSave.

Priority 3: Default Revenue Account

ClickAdd Rowto definePriority 3.

SetPriority Orderas3.

DefineCondition:

Default Revenue Account = 4999(for any other transactions)

Source Type: UseConstant Value.

ClickSave.

Step 4: Validate and Assign the Account Rule

ClickValidateto ensure the rule has no errors.

Navigate toManage Journal Entry Rule Sets.

Locate theAHC BillingJournal Entry Rule Set.

Assign the newly createdRevenue Account Ruleto theappropriate Journal Line Rule(such as Revenue or Income).

ClickSave and Close.

Step 5: Test the Account Rule

Go toSubledger Accounting > Accounting Entries.

Generate accounting for different transactions:

Customer Billingshould deriveAccount 4000.

Wholesale Customer Billingshould deriveAccount 4010.

Other transactionsshould deriveAccount 4999.

Review and confirm that the correct accounts are assigned.

Question # 9

Challenge 3: Manage User Define Formulas

TASK

Create User Defined Formula for Admin Charges

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Explanation:

Step-by-Step Guide to Create a User Defined Formula for Admin Charges in Oracle Fusion

Step 1: Navigate to Manage User Defined Formulas

Log into Oracle Fusion with privileges to configure Subledger Accounting.

Go toSetup and Maintenance.

In theFunctional Setup Manager (FSM), navigate to:

Financials

Subledger Accounting

Manage User Defined Formulas.

Step 2: Create a New User Defined Formula

ClickCreateto define a new formula.

Enter the following details:

Name: Admin Charges Formula

Subledger Application: AHC Billing

Process Category: AHC Billing

Event Class: AHC Billing

Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

Data Type:Number

Description: Formula to calculate admin charges for billing events.

ClickSave, then proceed to define the logic.

Step 3: Define the Formula Logic

Example Formula for Admin Charges:

AssumeAdmin Chargesare calculated as5% of Transaction Amount, with aminimum charge of $10.

Enter the formula using Oracle’s formula syntax:

CASE

WHEN {Transaction Amount} * 0.05 >= 10 THEN {Transaction Amount} * 0.05

ELSE 10

END

ClickValidateto check for errors.

Step 4: Assign the Formula to the Required Accounting Rules

Navigate toManage Account Rules.

Find theAdmin Charges Account Rule(or create one if needed).

In theCondition Definition, selectUser Defined Formulaas the Source.

ChooseAdmin Charges Formulaas the value.

ClickSave and Close.

Step 5: Validate and Deploy the Formula

ClickValidateto ensure correctness.

Deploy the formula by submitting the changes.

Attach the formula to relevantJournal Entry Rule Sets(if applicable).

Step 6: Test the User Defined Formula

Navigate toSubledger Accounting > Accounting Entries.

Generate accounting for different test transactions:

Example 1: IfTransaction Amount = $500, Admin Charges =$25(5% of 500).

Example 2: IfTransaction Amount = $100, Admin Charges =$10(since 5% of 100 = $5, but the minimum is $10).

Verify that theAdmin Chargesare correctly derived in accounting entries.

Question # 10

Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they are processing transactions in a source system, and you have been appointed as a consultant to implement Oracle Cloud Accounting Hub to standardize the accounting process. You have decided to register the source system as a single application in Accounting Hub.

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

Four

Three

One

Two

Question # 11

The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the USA. The entities in the UK, France, and Italy are subsidiaries of the USA entity.

The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.

Which TWO statements are true about setting up secondary ledgers?

A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger

Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger

A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger

Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only

Question # 12

Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option.

Which reporting tool would you suggest?

Oracle Transactional Business Intelligence

Account Groups and Sunburst

Financial Reporting Studio

Smart View

Question # 13

Which TWO options can you use for reconciling subledger journal entries with the source system?

Submit the Subledger Accounting Diagnostics report

Submit Period Close Exception Report

Tag supporting references with Journal Line Rules

Submit the Subledger Accounting Diagnostics report

Question # 14

Your client is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.

Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?

Chart of Accounts Value column should be updated with a value of "Yes"

Natural Account should be defined as a "Number" type source

Natural Account should be defined as a "Text" type source

Natural Account should be defined as a "Long Text" type source

Question # 15

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?

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

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

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

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

Question # 16

Your client has implemented the Oracle Cloud Accounting Hub solution and they are importing the transaction data from the source system on a daily basis. While importing the data from the source system, some transactions are not getting accounted properly. They want these invalid transactions purged and the corrected transactions imported again.

Which job would you submit to purge the invalid transactions?

Import Accounting Transactions Job with Purge Invalid Transaction parameter set to 'Yes'

Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions

Purge Invalid and Unaccounted Accounting Hub Transactions Job

Purge Accounting Hub Transactions Job

Question # 17

You have recently created an analysis to review periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.

Which two drill-through options are available for use?

Drill to Detail Balances

Drill to Financial Reporting Center

Drill to Account Group

Drill to Account Inspector

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Total 80 questions

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1z0-1060-25 Oracle Accounting Hub Cloud 2025Implementation Professional Free Practice Exam Questions (2025 Updated)

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