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[General] Valid 1z0-1060-25 Exam Labs - New 1z0-1060-25 Test Camp

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【General】 Valid 1z0-1060-25 Exam Labs - New 1z0-1060-25 Test Camp

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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions (Q75-Q80):NEW QUESTION # 75
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. Two primary ledgers
  • B. One primary, one secondary ledger
  • C. One primary, one reporting currency ledger
  • D. One primary ledger
Answer: D

NEW QUESTION # 76
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?
  • A. Management segment
  • B. Cost Center segment
  • C. Intercompany segment
  • D. Local Use segment
  • E. Second Balancing segment
Answer: E

NEW QUESTION # 77
Your client organization deals in providing loans to its customers. You are appointed as a consultant to implement Oracle Fusion Cloud Accounting Hub to standardize the accounting process. Your client has a requirement 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 the 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?
  • A. Lookup types
  • B. Segment values
  • C. Chart of accounts segment
  • D. Value sets
Answer: A,D

NEW QUESTION # 78
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 China
  • D. Standard Accrual for Japan
  • E. Standard Accrual with Encumbrances
Answer: B,C,E

NEW QUESTION # 79
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?
  • A. The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set
  • B. Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
  • C. Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
  • D. Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached
Answer: A

NEW QUESTION # 80
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