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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Period Close- Reporting and period close processes
Topic 2: Accounting Rule Configuration- Configure and analyze accounting rules
Topic 3: Modeling Considerations- Analyze modeling considerations
Topic 4: Transaction Lifecycle- Analyze transaction type life cycle
Topic 5: Functional Setup and Security- Configure security roles and access
- Use Functional Setup Manager
Topic 6: Adjust Journal Entries- Manage and adjust journal entries
Topic 7: Transaction Data and Automation- Understand transaction data and automation with web services
Topic 8: Diagnostics- Perform diagnostic and troubleshooting tasks
Topic 9: Source System and Integration- Update registered source systems
- Register source systems and integration options
Topic 10: Accounting, Reporting, Audit, and Reconciliation- Analyze accounting, reporting, audit, and reconciliation requirements

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

Question #1

What is NOT included in the minimum required accountingattribute assignments?

  • A. Second Distribution Identifier
  • B. Distribution Type
  • C. First Distribution Identifier
  • D. Accounting Date
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

  • A. Use PaaS tools, for example, ICS - to perform ETL tasks.
  • B. Use a web service tool.
  • C. Use Oracle ERP Integration tool.
  • D. Use Oracle OTBI tool.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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 accountingrules to be shared?

  • A. One subledger for the 3 Loan systems and one subledger for Insurance.
  • B. One subledger for each source system.
  • C. One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
  • D. One subledger for all 4 source systems.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Question #4

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

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

Correct Answer: C  🗳️

Question #5

What is a user job role data context assignment?

  • A. Security data role context assignment to auser job role
  • B. Security privileges assignment to a user job role
  • C. Security data access context assignment to a user job role
  • D. Duty role context assignment to a user
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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