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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Analyze Accounting, Reporting, Audit and Reconciliation Requirements | 20% | |
| Topic 2: Analyze Transaction Type Life Cycle | 15% | |
| Topic 3: Configure Accounting Rules | 20% | |
| Topic 4: Upload Transaction Data and Adjust Journal Entries | 10% | |
| Topic 5: Reporting, Auditing and Diagnostics | 10% | |
| Topic 6: Modeling Considerations | 10% | |
| Topic 7: Register and Update Source Systems | 15% |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
What is the key attribute that is used to query journalentries of a registered source system?
- A. Transaction Date
- B. Ledger Name
- C. Accounting Date
- D. Journal Source
Correct Answer: D 🗳️
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classificationinformation.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
- A. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
- B. Use the Third Party Control Account feature.
- C. Use Supporting References to capture customer classification information.
- D. Use the Open Account Balances Listing report that has balances by customer.
Correct Answer: C 🗳️
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 Import Duty Role
- C. Accounting Hub Create Accounting Duty Role
- D. Accounting HubIntegration Duty Role
Correct Answer: D 🗳️
What is the required date format used to import accounting transactions to Accounting Hub Cloud?
- A. MM-DD-YYYY
- B. YYYY-MM-DD
- C. DD-MON-YYYY
- D. The user can customize the date format
Correct Answer: B 🗳️
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- B. Run predefined reports and filter the report with the available report parameters.
- C. Request support team to download subledger Journal entry data.
- D. Build a new data warehouse solution.
Correct Answer: A 🗳️
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