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
Accounting Rules and Configuration30%- Subledger Accounting Configuration
  • 1. Description rules
  • 2. Account rules
  • 3. Journal entry rules
  • 4. Accounting methods
  • 5. Mapping sets
  • 6. Supporting references
Transaction Processing15%- Accounting Processing
  • 1. Accounting generation
  • 2. Transfer to General Ledger
  • 3. Error handling and diagnostics
  • 4. Transaction validation
Accounting Hub Overview10%- Accounting Hub Fundamentals
  • 1. Subledger Accounting overview
  • 2. Source systems integration
  • 3. Accounting Hub business benefits
  • 4. Accounting Hub architecture
Reporting and Inquiry15%- Reporting Capabilities
  • 1. Journal inquiry
  • 2. Reconciliation reporting
  • 3. Transaction drill-down
  • 4. Accounting Hub reporting
Implementation and Security10%- Administration and Security
  • 1. User management
  • 2. Role-based security
  • 3. Best practices and troubleshooting
  • 4. Implementation lifecycle
Source System Integration20%- Transaction Data Integration
  • 1. Source data mapping
  • 2. Source system registration
  • 3. Transaction object configuration
  • 4. Source system setup
  • 5. File-based data import

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

Which is an alternate way to implement a mapping set rule?

  • A. Define an account rule with conditions.
  • B. Define a chart of account rule with conditions.
  • C. Define a flexfield rule with conditions.
  • D. Define a lookup type rule with conditions.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

  • A. Document Sequence
  • B. Reporting Sequence
  • C. Accounting Sequence
  • D. Journal Entry Sequence
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

  • A. The rule is built using a custom source.
  • B. The rule is built using a line level source.
  • C. The source does not return any value; therefore the rule is not displayed.
  • D. The rule is built using a value set source.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

What attribute of a subledger journal entry is NOT transferred to GL?

  • A. Accounting class
  • B. Accounting lines
  • C. Supporting references
  • D. Accounted amounts
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

  • A. upload transaction data into FAH Reporting Cloud Service
  • B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
  • C. transfer Balances to FAH Reporting Cloud Service
  • D. provide real-time visibility to financial reports in FAH Reporting Cloud Service
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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