Download Oracle 1z0-1060-25 Mock Test Study Material
1z0-1060-25 Questions Prepare with Learning Information
NEW QUESTION # 46
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
Answer:
Explanation:
See the Explanation below for all the solution.
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.
NEW QUESTION # 47
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. Chart of Accounts and Calendar
- B. Chart of Account and Currency
- C. Calendar and Currency
- D. Chart of Account and Convention
- E. Convention and Currency
Answer: A
NEW QUESTION # 48
Which is an alternate way to implement a mapping set rule?
- A. Define an account rule with conditions
- B. Define a flexfield rule with conditions
- C. Define a lookup type rule with conditions
- D. Define a chart of account rule with conditions
Answer: A
NEW QUESTION # 49
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 See the Explanation below for all the solution.
Answer:
Explanation:
Step-by-Step Guide to Create a Description Rule in Oracle Fusion
Step 1: Navigate to Manage Description Rules
Log in to Oracle Fusion with appropriate privileges for configuring Subledger Accounting.
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.
NEW QUESTION # 50
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Accounting Attribute Assignments
- B. Manage Subledger Accounting Options
- C. Specify Ledger Options
- D. Manage Reporting Currencies
Answer: D
NEW QUESTION # 51
The Unified Migration option helps move functional setup data from one instance to another.
Which TWO statements are true about Unified Migration?
- A. You need to manually download the configuration set from the source and manually upload it into the target
- B. There is no need to import the migration set into a sandbox instance before it is applied to the target environment
- C. You can optionally migrate only the new changes if both environments are synchronized
- D. The Unified Migration option requires registration of the target environment in the source environment
Answer: C,D
NEW QUESTION # 52
Which transaction source is used to link transaction header and line information?
- A. Transaction Number
- B. Transaction Key
- C. Transaction Date
- D. Transaction Type
Answer: A
NEW QUESTION # 53
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 Scope
- B. Select the value for Lookup Code
- C. Select the value for Functional Area
- D. Select the value for Feature
Answer: A
NEW QUESTION # 54
Which two actions can you accomplish for a registered source system?
- A. Add new event classes through the user interface
- B. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet
- C. Revise source Information through the user interface and add more sources
- D. Modify the subledger application name as long as there are no pending accounting entries
Answer: B,C
NEW QUESTION # 55
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?
- A. Financial Analyst
- B. General Accountant
- C. General Accounting Manager
- D. Chief Financial Officer (CFO)
Answer: C
NEW QUESTION # 56
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?
- A. Standard Accrual for USA
- B. Standard Accrual
- C. Standard Accrual for Japan
- D. Standard Accrual for China
- E. Standard Accrual with Encumbrances
Answer: B,D,E
NEW QUESTION # 57
You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery.
Which two options can be used in FAH to create the requested general ledger journals?
- A. Group by general ledger date
- B. Group by general ledger period
- C. Summarize by journal source
- D. Summarize by general ledger period
- E. Summarize by journal category
- F. Summarize by general ledger date
Answer: D,F
NEW QUESTION # 58
Which two conditions must be met for automatic data provisioning to work?
- A. At least one role is automatically provisioned to the user using role provisioning rules.
- B. At least one of the user's assignments matches all data-mapping conditions in a data provisioning rule.
- C. The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.
Answer: A,B
NEW QUESTION # 59
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. Two primary ledgers
- C. One primary ledger
- D. One primary, one reporting currency ledger
Answer: C
NEW QUESTION # 60
A banking organization is currently using different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. You have been appointed as a consultant to implement Accounting Hub Cloud.
Which THREE points should you remember while registering the source system for the organization?
- A. Use separate subledgers to ensure less data processing in each run
- B. Use separate subledgers to provide more security across applications
- C. Use separate subledgers to share sub-ledger accounting rules
- D. Summarized Transaction type information cannot be sent for accounting transformation
- E. A transaction type and its associated transaction data typically relate to a single document of transaction
Answer: A,B,E
NEW QUESTION # 61
Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
- A. Account Groups and Sunburst
- B. Oracle Transactional Business Intelligence
- C. Financial Reporting Studio
- D. Smart View
Answer: A
NEW QUESTION # 62
Your company 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. While analyzing their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Event types
- B. Journal sources
- C. Source systems
- D. Event classes
Answer: A
NEW QUESTION # 63
Your customer wants to enter subledger journals in adjusting periods using the ADFDi spreadsheets.
Which TWO statements are true about entering journals in adjusting periods?
- A. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the adjustment period
- B. If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the non-adjustment period
- C. Defaulted Period cannot be overwritten
- D. Defaulted Period can be overwritten
Answer: B,D
NEW QUESTION # 64
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?
- A. Natural Account should be defined as a "Number" type source
- B. Natural Account should be defined as a "Text" type source
- C. Natural Account should be defined as a "Long Text" type source
- D. Chart of Accounts Value column should be updated with a value of "Yes"
Answer: B,D
NEW QUESTION # 65
Your client has operations in the US and the UK, and they currently use a third-party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process?
- A. The event type name cannot exceed 30 characters
- B. You cannot add more than 30 sources when the Journal Display column is enabled
- C. You cannot add more than 10 sources when the Journal Display column is enabled
- D. The event type name cannot exceed 25 characters
Answer: C,D
NEW QUESTION # 66
Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client needs to retrieve the segment values for the debit and credit side of journal entries based on different criteria. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?
- A. Segment
- B. Lookup type
- C. Mapping set
- D. Value set
- E. Account combination
Answer: A,C,E
NEW QUESTION # 67
You are designing an income statement report with the help of Financial Reporting 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][3;5][3;5]
- B. [3:5][3:5][3:5]
- C. 3:5{3:5}3:5
- D. [3,5][3,5][3,5]
Answer: B
NEW QUESTION # 68
You are tasked with identifying the reason for a user from your client organization not being able to submit the job that imports the transaction data for accounting and posting in General Ledger.
You realize that a duty role needs to be associated with a job role for authorizing the access to import the accounting transactions process.
Which duty role would you suggest?
- A. Accounting Hub Create Accounting Duty Role
- B. Accounting Hub Create and Post Journal Entry Duty Role
- C. Accounting Hub Import Duty Role
- D. Accounting Hub Integration Duty Role
Answer: D
NEW QUESTION # 69
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Accounting Hub Integration
- C. Accounting Hub Maintenance
- D. Application Implementation Consultant
- E. Subledger Accounting Manager
Answer: B,D,E
NEW QUESTION # 70
......
Most Reliable Oracle 1z0-1060-25 Training Materials: https://www.braindumpquiz.com/1z0-1060-25-exam-material.html
Practice Material for 1z0-1060-25 Exam Question Preparation: https://drive.google.com/open?id=1h5dwHdh91gC0_8McRyY_U9RWbCd1UJzH