Oracle 1Z0-1060-20 exam : Oracle Accounting Hub Cloud 2020 Implementation Essentials

1Z0-1060-20 Exam Simulator
  • Exam Code: 1Z0-1060-20
  • Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
  • Updated: Sep 07, 2026
  • Q & A: 62 Questions and Answers

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionWeightObjectives
Implementation and Security10%- Implementation lifecycle
- Role-based access control
- Troubleshooting and best practices
Source System Integration20%- Define transaction objects and attributes
- File-based data import and mapping
- Register source systems
Accounting Hub Overview10%- Business benefits and use cases
- Subledger Accounting (SLA) overview
- Architecture and core concepts
Reporting and Inquiry15%- Reconciliation and diagnostics
- Journal inquiry and drill-down
- Accounting Hub reports and dashboards
Accounting Rules Configuration30%- Supporting references and accounting methods
- Description and journal line rules
- Event model and event classes/types
- Account rules and mapping sets
Transaction Processing15%- Create Accounting process
- Transaction validation and error handling
- Transfer to General Ledger

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

Question #1

Which four options are used to reconcile subledger journal entries?

  • A. Tag supporting references with journal entry lines.
  • B. Build a custom OTBI report.
  • C. Assign a descriptive text and source on journal lines.
  • D. Set up reconciliation using the reconciliation reference accounting attribute.
  • E. Run the Subledger Accounting Method Setups report.
  • F. Run the Subledger Accounting Diagnostics report.
Answer: A,B,C,D
Question #2

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 does not return any valid account value.
  • B. The account rule is defined with a different chart of accounts from the journal entry rule set.
  • C. 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.
  • D. The account rule is defined with conditions that are not allowing the assignment.
Answer: B,C
Question #3

Given the business requirement in the 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 are the key transaction types mentioned in the use case?

  • A. Pay Insurance and Control Truck Services
  • B. Purchase Trucks and Deploy Trucks
  • C. Initiate Truck Rentals Contract and Pay Truck Maintenance
  • D. Purchase Trucks and Pay Out Trucks
Answer: C
Question #4

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. Build an OTBI analysis that includes a relevant subject area.
  • B. Use either Account Monitor or Account Inspector to get required Information.
  • C. Build a Financial Reporting Studio report that includes all dimensions.
  • D. Create a Smart View report using the query designer feature.
Answer: A
Question #5

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 Financial Reporting Studio report
  • B. a predefined Oracle Business Intelligence Publisher report
  • C. an Oracle Transactional Business Intelligence analysis
  • D. a Smart View Report
Answer: C

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