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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionObjectives
Reporting and Reconciliation- Financial reporting outputs
- Reconciliation processes
Accounting Hub Cloud Overview- Key business benefits and use cases
- Concepts and architecture of Accounting Hub Cloud
Subledger Accounting and Rules- Accounting rules definition
- Journal generation process
- Mapping sets and conditions
Source Systems Integration- Integrating external source systems
- Data ingestion and transformation
Accounting Hub Data Processing- Import and validation of transactions
- Event model and processing flow
Setup and Configuration- Configuration of accounting methods
- Security and role configuration
- Implementation setup tasks

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) MM-DD-YYYY
B) The user can customize the date format
C) DD-MON-YYYY
D) YYYY-MM-DD


2. What attribute of a subledger journal entry is NOT transferred to GL?

A) Supporting references
B) Accounting lines
C) Accounted amounts
D) Accounting class


3. Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?

A) Specify Ledger Options
B) Manage Accounting Attribute Assignments
C) Manage Reporting Currencies
D) Manage Subledger Accounting Options


4. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value thatmaps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Activate the journal entry rule set.
B) Activate the accounting method.
C) There is no required action. The mapping addition is complete.
D) Download a new transaction data template.


5. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Maintenance
B) Accounting Hub Administration
C) Application Implementation Consultant
D) Accounting Hub Integration
E) Subledger Accounting Manager


Solutions:

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

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