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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounting Rules and Mapping- Accounting rule definition
  • 1. Mapping sets and derivation rules
    • 2. Rules-based accounting configuration
      Topic 2: Data Integration and Processing- Transaction processing
      • 1. Accounting entry generation process
        • 2. Importing source transactions
          Topic 3: Configuration and Setup- Initial setup tasks
          • 1. Ledger and accounting setup considerations
            • 2. Source system configuration
              Topic 4: Accounting Hub Cloud Overview- Architecture and key components
              • 1. Accounting Hub Cloud positioning and use cases
                • 2. Integration with Oracle Financials Cloud
                  Topic 5: Reporting and Reconciliation- Financial reporting outputs
                  • 1. Journal and subledger reporting
                    • 2. Reconciliation processes
                      Topic 6: Implementation and Administration- Deployment and maintenance
                      • 1. Troubleshooting and monitoring
                        • 2. Security and roles setup

                          Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

                          1. What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

                          A) Use Oracle OTBI tool.
                          B) Use Oracle ERP Integration tool.
                          C) Use a web service tool.
                          D) Use PaaS tools, for example, ICS - to perform ETL tasks.


                          2. 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) Run predefined reports and filter the report with the available report parameters.
                          B) Build a new data warehouse solution.
                          C) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
                          D) Request support team to download subledger Journal entry data.


                          3. Which two can you use to view supporting reference balances?

                          A) Use the Supporting Reference Balance Inquiry page.
                          B) Submit the standard Supporting Reference Balances Report.
                          C) Use Business Intelligence Publisher to build a custom report.
                          D) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.


                          4. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
                          Which of the available General Ledger Journal Entry Summarization options meets this requirement?

                          A) Group by GL Date
                          B) Summarize by GL Date
                          C) Summarize by GL Period
                          D) Transfer in Details


                          5. 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) Source objects
                          B) Event entities
                          C) Mapping sets
                          D) Transaction objects


                          Solutions:

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

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