• Exam Code: 1Z0-1060-20
  • Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Financials Cloud
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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionWeightObjectives
Reporting and Inquiry15%- Reconciliation and diagnostics
- Journal inquiry and drill-down
- Accounting Hub reports and dashboards
Source System Integration20%- Register source systems
- Define transaction objects and attributes
- File-based data import and mapping
Accounting Rules Configuration30%- Supporting references and accounting methods
- Event model and event classes/types
- Description and journal line rules
- Account rules and mapping sets
Implementation and Security10%- Troubleshooting and best practices
- Implementation lifecycle
- Role-based access control
Transaction Processing15%- Create Accounting process
- Transfer to General Ledger
- Transaction validation and error handling
Accounting Hub Overview10%- Architecture and core concepts
- Business benefits and use cases
- Subledger Accounting (SLA) overview

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

Question 1

Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A. Event Class
B. Event Type
C. Journal Line Rule
D. Journal Entry
E. Journal Entry Rule Set


Question 2

A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A. Build a Financial Reporting Studio report that includes all dimensions.
B. Create a Smart View report using the query designer feature.
C. Build an OTBI analysis that includes a relevant subject area.
D. Use either Account Monitor or Account Inspector to get required Information.


Question 3

A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A. Activate the accounting method.
B. Download a new transaction data template.
C. Activate the journal entry rule set.
D. There is no required action. The mapping addition is complete.


Question 4

How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

A. Unlimited
B. Two
C. Three
D. One


Question 5

After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A. a predefined Oracle Business Intelligence Publisher report
B. an Oracle Financial Reporting Studio report
C. an Oracle Transactional Business Intelligence analysis
D. a Smart View Report


Solutions:

Question 1
Answer: C
Question 2
Answer: C
Question 3
Answer: D
Question 4
Answer: D
Question 5
Answer: C

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