1z0-1060-25 Oracle Accounting Hub Cloud 2025Implementation Professional exact Exam Questions

Oracle Accounting Hub Cloud 2025Implementation Professional

Last Update 6 hours ago Total Questions : 80

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Question # 1

Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.

Which implementation setup allows the sharing of accounting rules for all four external systems?

One subledger for all four source systems

Four subledgers, one for each source system

Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan

Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan

Question # 2

Your new Oracle Fusion Cloud customer has a reporting requirement to balance general ledger journals not only between companies (primary balancing segments and Legal Entities) but also within divisions. The proposed chart of account structure has the following nine segments:

Company-Division-Department-Account-Subaccount-Product-Intercompany-Future1-Future2

Which segment label should be selected on Division to achieve the reporting requirement?

Cost Center segment

Second Balancing segment

Intercompany segment

Management segment

Local Use segment

Question # 3

Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. Your customer wants to know the changes that are allowed after registering a source system.

Which THREE actions can be performed after registering a source system?

Modify the subledger application name as long as there are no pending accounting entries

Assign and update value set and lookup type assignments to sources

Revise source names and add more sources through the user interface

Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers

Add new event classes through the user interface

Question # 4

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:

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 # 5

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

Answer:

See the Explanation below for all the solution.

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"

Click Validate to ensure there are no syntax errors.

Step 4: Assign the Description Rule

Navigate to Manage Journal Entry Rule Sets .

Locate the AHC Billing Journal Entry Rule Set.

Assign the newly created Description Rule to the appropriate Journal Line Rule .

Click Save and Close .

Step 5: Validate and Deploy the Rule

Click Validate to check for errors.

Deploy the rule by submitting the changes.

Ensure the rule is attached to the AHC Billing journal entries .

Step 6: Test the Description Rule

Navigate to Subledger Accounting > Accounting Entries .

Generate accounting for different test transactions.

Verify that the journal entry descriptions match the expected format.

Question # 6

You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.

Which TWO traits can help you further explain this feature?

It allows users to record a reason for the adjustment

It adjusts the original source transaction

It provides an audit trail by preserving the original subledger journal entry

It is intended to correct only the subledger journals that have been posted

Question # 7

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 # 8

Which two options can you use to reconcile subledger journal entries with the source system?

Create and submit the Oracle Transactional BI Report to review supporting reference balances.

Submit the Period Close Exception Report

Submit the Subledger Accounting Diagnostics report

Tag supporting references with Journal Line Rules

Question # 9

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