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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionObjectives
Reporting and Reconciliation- Financial reporting outputs
  • 1. Journal and subledger reporting
    • 2. Reconciliation processes
      Data Integration and Processing- Transaction processing
      • 1. Importing source transactions
        • 2. Accounting entry generation process
          Accounting Hub Cloud Overview- Architecture and key components
          • 1. Integration with Oracle Financials Cloud
            • 2. Accounting Hub Cloud positioning and use cases
              Implementation and Administration- Deployment and maintenance
              • 1. Troubleshooting and monitoring
                • 2. Security and roles setup
                  Configuration and Setup- Initial setup tasks
                  • 1. Ledger and accounting setup considerations
                    • 2. Source system configuration
                      Accounting Rules and Mapping- Accounting rule definition
                      • 1. Mapping sets and derivation rules
                        • 2. Rules-based accounting configuration

                          Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

                          1. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
                          What two options do you have?

                          A) Change the transaction data file.
                          B) Add this as a new transaction typo into existing subledger registration spreadsheet template.
                          C) Register it as a new source system.
                          D) Add this as a new transaction type into existing registered subledger from the user interface.


                          2. In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
                          How can you resolve this challenge?

                          A) Use a custom formula in a supporting reference to derive amounts.
                          B) Use a custom formula in a journal line rule to derive amounts.
                          C) Use a custom formula in an account rule to derive amounts.
                          D) Use a custom formula in a description rule to derive amounts.


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

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


                          4. Given the journal:

                          What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

                          A) User Transaction Identifier
                          B) Source System Identifier
                          C) System Identifier
                          D) Attribute Identifier


                          5. What is a user job role data context assignment?

                          A) Security privileges assignment to a user job role
                          B) Security data access context assignment to a user job role
                          C) Duty role context assignment to a user
                          D) Security data role context assignment to a user job role


                          Solutions:

                          Question # 1
                          Answer: C,D
                          Question # 2
                          Answer: B
                          Question # 3
                          Answer: B
                          Question # 4
                          Answer: D
                          Question # 5
                          Answer: B

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