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Instant Download Oracle : 1Z0-1060-20 Questions & Answers as PDF & Test Engine

1Z0-1060-20
  • Exam Code: 1Z0-1060-20
  • Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
  • Updated: Sep 01, 2026
  • No. of Questions: 62 Questions and Answers
  • Download Limit: Unlimited
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Oracle 1Z0-1060-20 Exam Syllabus Topics:

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

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

Question 1

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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A. Assign it to an accounting attribute.
B. Assign it to a transaction type.
C. Assign it to an accounting method.
D. Assign it to an account rule.


Question 2

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. Source System Identifier
C. System Identifier
D. User Transaction Identifier


Question 3

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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A. Enable intercompany balancing option
B. Enable balancing rules
C. Enable chart of accounts rule
D. Enable legal entity rule


Question 4

How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

A. Three
B. Two
C. One
D. Unlimited


Question 5

How do you enable diagnostics on subledger transaction sources?

A. enable diagnostic source
B. enable diagnostic profile
C. enable transaction debug
D. enable diagnostic attribute


Solutions:

Question 1
Answer: D
Question 2
Answer: A
Question 3
Answer: A
Question 4
Answer: C
Question 5
Answer: B

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