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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Implementation and Security | 10% | - Implementation lifecycle - Role-based access control - Troubleshooting and best practices |
| Source System Integration | 20% | - Register source systems - File-based data import and mapping - Define transaction objects and attributes |
| Accounting Hub Overview | 10% | - Subledger Accounting (SLA) overview - Architecture and core concepts - Business benefits and use cases |
| Reporting and Inquiry | 15% | - Journal inquiry and drill-down - Reconciliation and diagnostics - Accounting Hub reports and dashboards |
| Accounting Rules Configuration | 30% | - Account rules and mapping sets - Description and journal line rules - Supporting references and accounting methods - Event model and event classes/types |
| Transaction Processing | 15% | - Transaction validation and error handling - Transfer to General Ledger - Create Accounting process |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
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 Truck' 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. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What wil the typical transaction information be at the header level?
- A. Customer Number
- B. Currency
- C. Amount
- D. Line Type
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 Truck' 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. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?
- A. One primary ledger
- B. Two primary ledgers
- C. One primary, one repotting currency ledger
- D. One primary, one secondary ledger
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Web Center Content Client Command line tool
- B. Oracle Virtual Web Center Services
- C. Oracle UCM Web Services
- D. ERP Integration Service
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Accounting Hub Maintenance
- C. Accounting Hub Integration
- D. Application Implementation Consultant
- E. Subledger Accounting Manager
'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
- A. Recurring Journal class
- B. Multiperiod class
- C. Accounting class
- D. Recognition Journal class






