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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Reconciliation- Financial reporting outputs
  • 1. Reconciliation processes
    • 2. Journal and subledger reporting
      Topic 2: Configuration and Setup- Initial setup tasks
      • 1. Source system configuration
        • 2. Ledger and accounting setup considerations
          Topic 3: Data Integration and Processing- Transaction processing
          • 1. Accounting entry generation process
            • 2. Importing source transactions
              Topic 4: Accounting Rules and Mapping- Accounting rule definition
              • 1. Mapping sets and derivation rules
                • 2. Rules-based accounting configuration
                  Topic 5: Implementation and Administration- Deployment and maintenance
                  • 1. Troubleshooting and monitoring
                    • 2. Security and roles setup
                      Topic 6: Accounting Hub Cloud Overview- Architecture and key components
                      • 1. Integration with Oracle Financials Cloud
                        • 2. Accounting Hub Cloud positioning and use cases

                          Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

                          Question #1

                          What is NOT included in the minimum required accounting attribute assignments?

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

                          Correct Answer: A  🗳️

                          Question #2

                          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. an Oracle Transactional Business Intelligence analysis
                          • B. a predefined Oracle Business Intelligence Publisher report
                          • C. a Smart View Report
                          • D. an Oracle Financial Reporting Studio report
                          Reveal Solution  Discussion  0

                          Correct Answer: A  🗳️

                          Question #3

                          You have been assigned to troubleshoot a Create Accounting error.
                          What is the first step you need to take to use the diagnostics framework features?

                          • A. Run Create Accounting again to generate journal entries for the events that ended in error.
                          • B. Set the "SLA: Diagnostics Enabled" profile option.
                          • C. Submit the Accounting Event Diagnostics process.
                          • D. Run the Accounting Events Diagnostic Report.
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Question #4

                          What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

                          • A. Accounting Hub Create and Post Journal Entry Duty Role
                          • B. Accounting Hub Integration Duty Role
                          • C. Accounting Hub Create Accounting Duty Role
                          • D. Accounting Hub Import Duty Role
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Question #5

                          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 is only intended to correct subledger journals that have been posted.
                          • D. The account override feature provides an audit trail by preserving the original subledger journal entry.
                          Reveal Solution  Discussion  0

                          Correct Answer: A,D  🗳️

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