Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Data Integration and Processing | - Transaction processing
|
| Topic 2: Reporting and Reconciliation | - Financial reporting outputs
|
| Topic 3: Accounting Rules and Mapping | - Accounting rule definition
|
| Topic 4: Accounting Hub Cloud Overview | - Architecture and key components
|
| Topic 5: Implementation and Administration | - Deployment and maintenance
|
| Topic 6: Configuration and Setup | - Initial setup tasks
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
What is the required date format used to import accounting transactions to Accounting Hub Cloud?
- A. The user can customize the date format
- B. MM-DD-YYYY
- C. DD-MON-YYYY
- D. YYYY-MM-DD
Correct Answer: D 🗳️
Which is an alternate way to implement a mapping set rule?
- A. Define a chart of account rule with conditions.
- B. Define a flexfield rule with conditions.
- C. Define a lookup type rule with conditions.
- D. Define an account rule with conditions.
Correct Answer: D 🗳️
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 typo into existing subledger registration spreadsheet template.
- B. Add this as a new transaction type into existing registered subledger from the user interface.
- C. Change the transaction data file.
- D. Register it as a new source system.
Correct Answer: B,D 🗳️
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Web Center Content Client Command line tool
- B. Oracle Virtual Web Center Services
- C. ERP Integration Service
- D. Oracle UCM Web Services
Correct Answer: B 🗳️
While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?
- A. The account rule is defined with a different chart of accounts from the journal entry rule set.
- B. The account rule is defined with conditions that are not allowing the assignment.
- C. The account rule does not return any valid account value.
- D. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
Correct Answer: A,D 🗳️
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