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Oracle Accounting Hub Cloud 2021 Implementation Essentials : 1Z0-1060-21
- Exam Code: 1Z0-1060-21
- Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
- Updated: Oct 12, 2026
- Q & A: 62 Questions and Answers
About Oracle Accounting Hub Cloud 2021 Implementation Essentials : 1Z0-1060-21 Exam
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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Period Close | - Reporting and period close processes |
| Topic 2: Functional Setup and Security | - Configure security roles and access - Use Functional Setup Manager |
| Topic 3: Adjust Journal Entries | - Manage and adjust journal entries |
| Topic 4: Transaction Data and Automation | - Understand transaction data and automation with web services |
| Topic 5: Source System and Integration | - Register source systems and integration options - Update registered source systems |
| Topic 6: Accounting Rule Configuration | - Configure and analyze accounting rules |
| Topic 7: Transaction Lifecycle | - Analyze transaction type life cycle |
| Topic 8: Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
| Topic 9: Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Topic 10: Modeling Considerations | - Analyze modeling considerations |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
Question #1
'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
- A. Recognition Journal class
- B. Recurring Journal class
- C. Accounting class
- D. Multiperiod class
Correct Answer: D 🗳️
Question #2
Given the subledger journal entry:
Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?
- A. It appears correct.
- B. It is not balanced by entered amounts.
- C. It is not balanced by entered currency.
- D. It is notbalanced by balancing segment.
Correct Answer: D 🗳️
Question #3
'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Deferral and Recognition
- B. Multiperiod and Recognition
- C. Offsets and Recognition
- D. Reversal and Recognition
Correct Answer: A 🗳️
Question #4
What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?
- A. Source System
- B. Source System, Transaction Information, and Line Information
- C. Source System and Line Information
- D. Source System and Transaction Information
Correct Answer: B 🗳️
Question #5
The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
- A. Add this as a new transaction typo into existing subledger registration spreadsheet template.
- B. Change the transaction data file.
- C. Register it as a new source system.
- D. Add this as a new transaction type into existing registered subledger from the user interface.
Correct Answer: C,D 🗳️
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