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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implementation and Security | 10% | - Role-based access control - Implementation lifecycle - Troubleshooting and best practices |
| Topic 2: Reporting and Inquiry | 15% | - Accounting Hub reports and dashboards - Reconciliation and diagnostics - Journal inquiry and drill-down |
| Topic 3: Accounting Rules Configuration | 30% | - Event model and event classes/types - Supporting references and accounting methods - Account rules and mapping sets - Description and journal line rules |
| Topic 4: Source System Integration | 20% | - Define transaction objects and attributes - File-based data import and mapping - Register source systems |
| Topic 5: Accounting Hub Overview | 10% | - Business benefits and use cases - Subledger Accounting (SLA) overview - Architecture and core concepts |
| Topic 6: Transaction Processing | 15% | - Transfer to General Ledger - Transaction validation and error handling - Create Accounting process |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. 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) an Oracle Transactional Business Intelligence analysis
B) a Smart View Report
C) a predefined Oracle Business Intelligence Publisher report
D) an Oracle Financial Reporting Studio report
2. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
A) Use either Account Monitor or Account Inspector to get required Information.
B) Build a Financial Reporting Studio report that includes all dimensions.
C) Build an OTBI analysis that includes a relevant subject area.
D) Create a Smart View report using the query designer feature.
3. What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?
A) Mapping sets
B) Transaction objects
C) Event entities
D) Source objects
4. What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?
A) Accounting Unit Commit Size
B) Processing Unit Size
C) Buffer Unit Size
D) Virtual Machine Processing Size
5. 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) Currency
B) Amount
C) Line Type
D) Customer Number
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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