1z0-1060-25 Practice Exam Questions with Answers Oracle Accounting Hub Cloud 2025Implementation Professional Certification

The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.

Insurance premium is to be recognized as income across the coverage period of the insurance policy.

Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?

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?

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?

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?

Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

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?

Your client provides loans to its customers. You are appointed as a consultant to implement Accounting Hub Cloud to standardize the accounting process. Your customer wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.

You decide to create a mapping set to retrieve the value of the cost center segment based on loan type as an input source. Your client wants the values to be validated from a list while creating the input and output mappings.

Which TWO options allow the validation of input values on mapping sets?