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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Implementation and Security | 10% | - Administration and Security
|
| Transaction Processing | 15% | - Accounting Processing
|
| Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Source System Integration | 20% | - Transaction Data Integration
|
| Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
| Reporting and Inquiry | 15% | - Reporting Capabilities
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- A. Accounting Hub Integration Duty Role
- B. Accounting Hub Import Duty Role
- C. Accounting Hub Create Accounting Duty Role
- D. Accounting Hub Create and Post Journal Entry Duty Role
Correct Answer: A 🗳️
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.
How can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?
- A. Set up multiperiod accounting journal lines.
- B. Create an adjustment journal entry.
- C. Set up automatic Journal line reversal.
- D. Set up a transaction line reversal.
Correct Answer: A 🗳️
You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?
- A. The account override feature allows users to record a reason for the adjustment.
- B. The account override feature adjusts the original source transaction.
- C. The account override feature provides an audit trail by preserving the original subledger journal entry.
- D. The account override feature is only intended to correct subledger journals that have been posted.
Correct Answer: A,C 🗳️
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System and Transaction Information
- B. Source System
- C. Source System and Line Information
- D. Source System, Transaction Information, and Line Information
Correct Answer: D 🗳️
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 is defined with a different chart of accounts from the journal entry rule set.
- B. 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.
- C. The account rule is defined with conditions that are not allowing the assignment.
- D. The account rule does not return any valid account value.
Correct Answer: A,B 🗳️
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