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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Upload Transaction Data and Adjust Journal Entries10%
Topic 2: Analyze Accounting, Reporting, Audit and Reconciliation Requirements20%
Topic 3: Analyze Transaction Type Life Cycle15%
Topic 4: Reporting, Auditing and Diagnostics10%
Topic 5: Configure Accounting Rules20%
Topic 6: Modeling Considerations10%
Topic 7: Register and Update Source Systems15%

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A) Source System and Transaction Information
B) Source System
C) Source System and Line Information
D) Source System, Transaction Information, and Line Information


2. 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) Change the transaction data file.
C) Register it as a new source system.
D) Add this as a new transaction typo into existing subledger registration spreadsheet template.


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 Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
B) One subledger for all 4 source systems.
C) One subledger for the 3 Loan systems and one subledger for Insurance.
D) One subledger for each source system.


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 Transactional Business Intelligence analysis
C) a predefined Oracle Business Intelligence Publisher report
D) an Oracle Financial Reporting Studio report


5. What is the key attribute that is used to query journalentries of a registered source system?

A) Transaction Date
B) Accounting Date
C) Ledger Name
D) Journal Source


Solutions:

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

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