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Oracle Accounting Hub Cloud 2020 Implementation Essentials : 1Z0-1060-20
- Exam Code: 1Z0-1060-20
- Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
- Updated: Oct 08, 2026
- Q & A: 62 Questions and Answers
About Oracle Accounting Hub Cloud 2020 Implementation Essentials : 1Z0-1060-20 Exam
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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Implementation and Administration | - Deployment and maintenance
|
| Accounting Rules and Mapping | - Accounting rule definition
|
| Configuration and Setup | - Initial setup tasks
|
| Accounting Hub Cloud Overview | - Architecture and key components
|
| Reporting and Reconciliation | - Financial reporting outputs
|
| Data Integration and Processing | - Transaction processing
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
Question #1
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?
- A. define user transaction line identifier
- B. define journal line rules with conditions
- C. define journal entry rule set with condition
- D. define line description rule with condition
Correct Answer: D 🗳️
Question #2
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Specify Ledger Options
- B. Manage Subledger Accounting Options
- C. Manage Reporting Currencies
- D. Manage Accounting Attribute Assignments
Correct Answer: C 🗳️
Question #3
Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
- A. Journal Line Rule
- B. Event Class
- C. Event Type
- D. Journal Entry
- E. Journal Entry Rule Set
Correct Answer: A 🗳️
Question #4
Which two actions can you accomplish for a registered source system?
- A. Modify the subledger application name as long as there are no pending accounting entries.
- B. Revise source Information through the user interface and add more sources.
- C. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
- D. Add new event classes through the user interface.
Correct Answer: B,C 🗳️
Question #5
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
- A. Attribute Identifier
- B. User Transaction Identifier
- C. Source System Identifier
- D. System Identifier
Correct Answer: A 🗳️
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