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Oracle 1z0-1060-24 : Oracle Accounting Hub Cloud 2024 Implementation Professional
Exam Code: 1z0-1060-24
Exam Name: Oracle Accounting Hub Cloud 2024 Implementation Professional
Updated: Oct 24, 2026
Q & A: 82 Questions and Answers
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About Oracle 1z0-1060-24 Exam Free Dumps
Different candidates learn differently — that is why a good deal of research went into the FreePdfDump approach to the Oracle Accounting Hub Cloud 2024 Implementation Professional. The result: 82 practice questions for the 1z0-1060-24 exam that serve busy professionals and full-time students equally well.
Oracle 1z0-1060-24 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2024 Implementation Professional |
| Exam Number: | 1Z0-1060-24 |
| Exam Format: | Multiple Response, Multiple Choice |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Financials Cloud Certifications |
| Recommended Training: | Oracle University Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam |
| Pre Condition: | Recommended experience with Oracle Financials Cloud and accounting configuration concepts |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1060-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Oracle Accounting Hub Cloud Implementation | - Configuration and Setup - Integration with Oracle Financials Cloud - Transaction Processing and Accounting Rules - Reporting and Reconciliation |
1z0-1060-24 Exam FAQs: The Honest Answers
The Oracle Accounting Hub Cloud 2024 Implementation Professional blueprint is divided into 1 domains, headlined by Oracle Accounting Hub Cloud Implementation. The full weighted outline is in the syllabus section above — our materials are revised against it, and your study hours should follow it too.
For the Oracle Accounting Hub Cloud 2024 Implementation Professional, Oracle points candidates toward these resources:
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Recommended experience with Oracle Financials Cloud and accounting configuration concepts
Vendor rules change periodically, so before booking, confirm the current criteria on the official Oracle exam page.
You can schedule the Oracle Accounting Hub Cloud 2024 Implementation Professional through the official channels below:
One note for scheduling: the 1z0-1060-24 exam is delivered Online proctored exam.
The 1z0-1060-24 exam — full name Oracle Accounting Hub Cloud 2024 Implementation Professional — is Oracle's certification exam for professionals working with its technologies; passing it awards the Oracle Accounting Hub Cloud 2024 Implementation Professional certification, a credential at the Professional level. It is the kind of vendor-issued proof employers can compare across candidates, which is exactly why it stays in demand. It also leads naturally toward Oracle Financials Cloud Certifications.
Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions:
Question #1
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 criteri a. You decide to set up three account rules to achieve this requirement.
Which THREE rule types are available for building account rules?
- A. Value set
- B. Mapping set
- C. Lookup type
- D. Segment
- E. Account combination
Correct Answer: B,D,E 🗳️
Question #2
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 for Japan
- C. Standard Accrual with Encumbrances
- D. Standard Accrual
- E. Standard Accrual for China
Correct Answer: C,D,E 🗳️
Question #3
SIMULATION
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
Correct Answer:
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 in to Oracle Fusion with privileges to configure Subledger Accounting.
Go to Setup and Maintenance.
In the Functional Setup Manager (FSM), navigate to:
Financials
Subledger Accounting
Manage User Defined Formulas.
Step 2: Create a New User Defined Formula
Click Create to 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.
Click Save, then proceed to define the logic.
Step 3: Define the Formula Logic
Example Formula for Admin Charges:
Assume Admin Charges are calculated as 5% of Transaction Amount, with a minimum 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 Click Validate to check for errors.
Step 4: Assign the Formula to the Required Accounting Rules
Navigate to Manage Account Rules.
Find the Admin Charges Account Rule (or create one if needed).
In the Condition Definition, select User Defined Formula as the Source.
Choose Admin Charges Formula as the value.
Click Save and Close.
Step 5: Validate and Deploy the Formula
Click Validate to ensure correctness.
Deploy the formula by submitting the changes.
Attach the formula to relevant Journal Entry Rule Sets (if applicable).
Step 6: Test the User Defined Formula
Navigate to Subledger Accounting > Accounting Entries.
Generate accounting for different test transactions:
Example 1: If Transaction Amount = $500, Admin Charges = $25 (5% of 500).
Example 2: If Transaction Amount = $100, Admin Charges = $10 (since 5% of 100 = $5, but the minimum is $10).
Verify that the Admin Charges are correctly derived in accounting entries.
Question #4
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. Chart of Accounts Value column should be updated with a value of "Yes"
- B. Natural Account should be defined as a "Number" type source
- C. Natural Account should be defined as a "Long Text" type source
- D. Natural Account should be defined as a "Text" type source
Correct Answer: A,D 🗳️
Question #5
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?
- A. Two
- B. One
- C. Four
- D. Three
Correct Answer: A 🗳️
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