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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Transaction Processing | 15% | - Accounting Processing
|
| Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
| Implementation and Security | 10% | - Administration and Security
|
| Source System Integration | 20% | - Transaction Data Integration
|
| Reporting and Inquiry | 15% | - Reporting Capabilities
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
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 that maps 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. Download a new transaction data template.
- B. There is no required action. The mapping addition is complete.
- C. Activate the accounting method.
- D. Activate the journal entry rule set.
Correct Answer: B 🗳️
Given the business 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 wil the typical transaction information be at the header level?
- A. Amount
- B. Currency
- C. Line Type
- D. Customer Number
Correct Answer: D 🗳️
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. provide real-time visibility to financial reports in FAH Reporting Cloud Service
- B. transfer Balances to FAH Reporting Cloud Service
- C. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- D. upload transaction data into FAH Reporting Cloud Service
Correct Answer: C 🗳️
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System
- B. Source System and Transaction Information
- C. Source System, Transaction Information, and Line Information
- D. Source System and Line Information
Correct Answer: C 🗳️
How do you enable diagnostics on subledger transaction sources?
- A. enable transaction debug
- B. enable diagnostic profile
- C. enable diagnostic attribute
- D. enable diagnostic source
Correct Answer: B 🗳️
