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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting Hub Overview | 10% | - Architecture and core concepts - Subledger Accounting (SLA) overview - Business benefits and use cases |
| Accounting Rules Configuration | 30% | - Supporting references and accounting methods - Account rules and mapping sets - Event model and event classes/types - Description and journal line rules |
| Implementation and Security | 10% | - Role-based access control - Implementation lifecycle - Troubleshooting and best practices |
| Source System Integration | 20% | - Register source systems - Define transaction objects and attributes - File-based data import and mapping |
| Transaction Processing | 15% | - Create Accounting process - Transaction validation and error handling - Transfer to General Ledger |
| Reporting and Inquiry | 15% | - Journal inquiry and drill-down - Accounting Hub reports and dashboards - Reconciliation and diagnostics |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- B. Request support team to download subledger Journal entry data.
- C. Build a new data warehouse solution.
- D. Run predefined reports and filter the report with the available report parameters.
Correct Answer: A 🗳️
While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?
- A. The account rule does not return any valid account value.
- B. The account rule is defined with conditions that are not allowing the assignment.
- C. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
- D. The account rule is defined with a different chart of accounts from the journal entry rule set.
Correct Answer: C,D 🗳️
The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
- A. Add this as a new transaction type into existing registered subledger from the user interface.
- B. Add this as a new transaction typo into existing subledger registration spreadsheet template.
- C. Register it as a new source system.
- D. Change the transaction data file.
Correct Answer: A,C 🗳️
Which two options allow validating input values on mapping sets?
- A. Value sets
- B. Lookup types
- C. Chart of accounts segment
- D. Segment values
Correct Answer: A,B 🗳️
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 UCM Web Services
- C. Oracle Virtual Web Center Services
- D. ERP Integration Service
Correct Answer: C 🗳️
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