Free Oracle 1D0-1060-26-D Exam Questions
Absolute Free 1D0-1060-26-D Exam Practice for Comprehensive Preparation
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Oracle 1D0-1060-26-D Exam Questions
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Provided By: Oracle
- Exam: Oracle Accounting Hub Cloud 2026 Implementation Professional - Delta
- Certification: Oracle Accounting Hub Cloud
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Total Questions: 80
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Updated On: Jul 13, 2026
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Rated: 4.9 |
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Online Users: 160
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Question 1
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Your company 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. While analyzing their source transaction system, you are asked to propose an event model,
based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount,
Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
Answer: A
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Your company 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. While analyzing their source transaction system, you are asked to propose an event model,
based on the activities performed by the company.
According to your analysis, what should the Notional Amount on Trade Positions, Premium Amount,
Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
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Question 2
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Which two options can you use to reconcile subledger journal entries with the source system?
Answer: B,C
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Which two options can you use to reconcile subledger journal entries with the source system?
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Question 3
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NO: 1:
You are designing an income statement report with the help of Financial Reporting Studio. You add row
numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect
the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
Answer: D
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NO: 1:
You are designing an income statement report with the help of Financial Reporting Studio. You add row
numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect
the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
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Question 4
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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?
Answer: A
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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?
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Question 5
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Your client has operations in the US and the UK, and they currently use a third-party billing system to process
their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize
Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source
system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by
the validation check process?
Answer: B,D
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Your client has operations in the US and the UK, and they currently use a third-party billing system to process
their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize
Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source
system.
While registering the source system using the spreadsheet template, which TWO could be flagged as errors by
the validation check process?