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Oracle 1z0-1060-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Introduction to Oracle Accounting Hub Cloud | 8% | - Overview of Accounting Hub Cloud features and benefits - Integration with Oracle ERP Cloud - Architecture and components |
| Reporting and Audit | 12% | - Generating accounting reports - Audit trail configuration - Journal entry reporting - Supporting audit compliance |
| Implementation and Migration | 12% | - Post-implementation support - Data migration strategies - Implementation methodology - Testing and validation |
| Accounting Configuration | 22% | - Setting up account combinations - Creating chart of accounts structures - Managing accounting flexfields - Configuring accounting rules and templates |
| Subledger Accounting | 28% | - Creating journal line types - Setting up journal entry templates - Configuring balancing segments - Designing subledger accounting options - Building accounting definitions |
| Transaction Sources and Events | 18% | - Configuring event classes and types - Mapping sources to accounting - Defining transaction sources |
1z0-1060-24 Exam FAQ: Lean Content, Real Practice
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The official Oracle Accounting Hub Cloud 2024 Implementation Professional outline defines 6 domains. The leading three are Accounting Configuration (22%), Subledger Accounting (28%), and Reporting and Audit (12%). The full list is in the topics section above, and Prep4away's 82 practice questions cover each one.
The Oracle Accounting Hub Cloud 2024 Implementation Professional exam contains 60 to complete within 90 minutes. Timed simulation in the Prep4away Desktop Test Engine teaches that rhythm before exam day does.
The 1z0-1060-24 exam is a Oracle certification exam validating the Oracle Accounting Hub Cloud 2024 Implementation Professional syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud, Oracle ERP Cloud. Candidates in 2026 start with Prep4away's 82 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
Oracle recommends having practical experience with Oracle Cloud ERP and accounting concepts; no mandatory prerequisite certifications required Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
The Oracle Accounting Hub Cloud 2024 Implementation Professional exam requires 60% to pass, and registration costs $245 USD. A failed attempt means paying the same fee again — a readiness check with the Prep4away engines before booking is the cheaper option.
Oracle recommends these training resources for the Oracle Accounting Hub Cloud 2024 Implementation Professional exam:
Follow the training with steady self-testing — the 82 practice questions from Prep4away help you apply theory and fill any gaps the training leaves.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 82 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
Oracle Accounting Hub Cloud 2024 Implementation Professional Sample Questions:
Your customer is engaged in the business of distributing different types of loans to their customers. They need to generate dynamic descriptions for journal lines based on the type of interest rates. The two types of interest rates are adjustable and fixed.
What would be your recommendation to the customer?
- A. Set up separate journal line rules for adjustable and fixed rates
- B. Set up separate description rules for adjustable and fixed rates
- C. Set up a single description rule with conditions defined for two priorities, one for adjustable rates and the other for fixed rates
- D. Define a separate journal entry rule set for each rate type
Correct Answer: A,C 🗳️
SIMULATION
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
Correct Answer:
See the Explanation below for all the solution
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
Log in to Oracle Fusion Applications with a user that has privileges to configure Subledger Accounting Rules.
Go to Setup and Maintenance.
In the Functional Setup Manager (FSM), select:
Financials
Subledger Accounting
Manage Journal Line Rules
Step 2: Create the "Interest Receivable" Journal Line Rule
Click Create to 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") Under Conditions, define rules if needed to filter transactions for this Journal Line Rule.
Save and Close.
Step 3: Create the "Interest Income" Journal Line Rule
Click Create again 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") Under Conditions, define rules if needed to filter transactions for this Journal Line Rule.
Save and Close.
Step 4: Validate and Deploy the Rules
Navigate to Manage Accounting Methods.
Find the accounting method used for the AHC Loan subledger.
Attach the newly created Journal Line Rules to the appropriate Journal 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 to Subledger Accounting > Accounting Entries.
Generate accounting for a test Loan Origination, Interest Accrual, or Payment transaction.
Verify that the correct Journal Entries are created:
Interest Receivable (DR)
Interest Income (CR)
Your client, a banking organization, is currently using different transaction systems to take care of various types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
- A. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
- B. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
- C. A new transaction type cannot be added after the source system is registered.
- D. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
Correct Answer: B 🗳️
To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?
- A. Source objects
- B. Transaction objects
- C. Event entities
- D. Mapping sets
Correct Answer: B 🗳️
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 ledger
- B. One primary, one secondary ledger
- C. Two primary ledgers
- D. One primary, one reporting currency ledger
Correct Answer: A 🗳️
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