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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Source System Integration | 20% | - File-based data import and mapping - Define transaction objects and attributes - Register source systems |
| Reporting and Inquiry | 15% | - Accounting Hub reports and dashboards - Reconciliation and diagnostics - Journal inquiry and drill-down |
| Transaction Processing | 15% | - Transaction validation and error handling - Create Accounting process - Transfer to General Ledger |
| Implementation and Security | 10% | - Troubleshooting and best practices - Implementation lifecycle - Role-based access control |
| Accounting Rules Configuration | 30% | - Supporting references and accounting methods - Event model and event classes/types - Account rules and mapping sets - Description and journal line rules |
| Accounting Hub Overview | 10% | - Architecture and core concepts - Subledger Accounting (SLA) overview - Business benefits and use cases |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
Question 1
Which is used to track a specific transaction attribute on subledger journal entries?
A. supporting references
B. account rules
C. lookup value rules
D. value set rules
Question 2
'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. Accounting class
C. Recognition Journal class
D. Multiperiod class
Question 3
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
A. One subledger for the 3 Loan systems and one subledger for Insurance.
B. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
C. One subledger for all 4 source systems.
D. One subledger for each source system.
Question 4
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 Smart View Report
B. an Oracle Financial Reporting Studio report
C. a predefined Oracle Business Intelligence Publisher report
D. an Oracle Transactional Business Intelligence analysis
Question 5
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.
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: A,C | Question 4 Answer: D | Question 5 Answer: D |
