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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Source System Integration | 20% | - Transaction Data Integration
|
| Topic 2: Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Topic 3: Transaction Processing | 15% | - Accounting Processing
|
| Topic 4: Implementation and Security | 10% | - Administration and Security
|
| Topic 5: Reporting and Inquiry | 15% | - Reporting Capabilities
|
| Topic 6: Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
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. Add this as a new transaction type into existing registered subledger from the user interface.
- B. Register it as a new source system.
- C. Add this as a new transaction typo into existing subledger registration spreadsheet template.
- D. Change the transaction data file.
Correct Answer: A,B 🗳️
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What wil the typical transaction information be at the header level?
- A. Amount
- B. Currency
- C. Customer Number
- D. Line Type
Correct Answer: C 🗳️
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
- A. Conversion type, conversion date and conversion rate
- B. Conversion date and conversion rate
- C. Conversion type and conversion date
- D. Conversion type
Correct Answer: B 🗳️
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
- A. Summarize by GL Date
- B. Transfer in Details
- C. Group by GL Date
- D. Summarize by GL Period
Correct Answer: C 🗳️
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 Oracle ERP Integration tool.
- B. Use a web service tool.
- C. Use PaaS tools, for example, ICS - to perform ETL tasks.
- D. Use Oracle OTBI tool.
Correct Answer: C 🗳️
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