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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Source System Integration | 20% | - Register source systems - Define transaction objects and attributes - File-based data import and mapping |
| Implementation and Security | 10% | - Role-based access control - Implementation lifecycle - Troubleshooting and best practices |
| Transaction Processing | 15% | - Transaction validation and error handling - Create Accounting process - Transfer to General Ledger |
| Accounting Rules Configuration | 30% | - Supporting references and accounting methods - Account rules and mapping sets - Event model and event classes/types - Description and journal line rules |
| Accounting Hub Overview | 10% | - Business benefits and use cases - Subledger Accounting (SLA) overview - Architecture and core concepts |
| Reporting and Inquiry | 15% | - Reconciliation and diagnostics - Accounting Hub reports and dashboards - Journal inquiry and drill-down |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?
- A. Use a custom formula in a journal line rule to derive amounts.
- B. Use a custom formula in an account rule to derive amounts.
- C. Use a custom formula in a supporting reference to derive amounts.
- D. Use a custom formula in a description rule to derive amounts.
Correct Answer: A 🗳️
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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?
- A. Two primary ledgers
- B. One primary ledger
- C. One primary, one repotting currency ledger
- D. One primary, one secondary ledger
Correct Answer: B 🗳️
Which two can you use to view supporting reference balances?
- A. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
- B. Submit the standard Supporting Reference Balances Report.
- C. Use the Supporting Reference Balance Inquiry page.
- D. Use Business Intelligence Publisher to build a custom report.
Correct Answer: A,C 🗳️
Which three are mandatory transaction source information?
- A. Ledger Name
- B. Transaction Line
- C. Transaction Date
- D. Transaction Number
- E. Distribution Link
Correct Answer: A,C,D 🗳️
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
- A. System Identifier
- B. User Transaction Identifier
- C. Attribute Identifier
- D. Source System Identifier
Correct Answer: C 🗳️
