Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Reporting and Inquiry | 15% | - Reporting Capabilities
|
| Implementation and Security | 10% | - Administration and Security
|
| Source System Integration | 20% | - Transaction Data Integration
|
| Transaction Processing | 15% | - Accounting Processing
|
| Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
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. Add new event classes through the user interface.
- C. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
- D. Revise source Information through the user interface and add more sources.
Correct Answer: C,D 🗳️
Which two options allow validating input values on mapping sets?
- A. Chart of accounts segment
- B. Segment values
- C. Value sets
- D. Lookup types
Correct Answer: C,D 🗳️
'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 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 premium Is 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. Reversal and Recognition
- B. Multiperiod and Recognition
- C. Deferral and Recognition
- D. Offsets and Recognition
Correct Answer: C 🗳️
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Administration
- B. Accounting Hub Maintenance
- C. Accounting Hub Integration
- D. Subledger Accounting Manager
- E. Application Implementation Consultant
Correct Answer: A,C,E 🗳️
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. Event Type
- B. Journal Entry
- C. Event Class
- D. Journal Entry Rule Set
- E. Journal Line Rule
Correct Answer: E 🗳️
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