Oracle 1Z0-1060-20 - Oracle Accounting Hub Cloud 2020 Implementation Essentials
- Exam Code: 1Z0-1060-20
- Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
- Updated: Sep 11, 2026
- Q & A: 62 Questions and Answers
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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Source System Integration | 20% | - Transaction Data Integration
|
| 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
|
| Reporting and Inquiry | 15% | - Reporting Capabilities
|
Oracle Accounting Hub Cloud 2020 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 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.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.
- A. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- B. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
- C. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1) - D. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
Answer: A
Question #2
'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. 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. Multiperiod class
- B. Accounting class
- C. Recurring Journal class
- D. Recognition Journal class
Answer: A
Question #3
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?
- A. a Smart View Report
- B. an Oracle Financial Reporting Studio report
- C. an Oracle Transactional Business Intelligence analysis
- D. a predefined Oracle Business Intelligence Publisher report
Answer: C
Question #4
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle UCM Web Services
- B. ERP Integration Service
- C. Oracle Virtual Web Center Services
- D. Oracle Web Center Content Client Command line tool
Answer: C
Question #5
What is a user job role data context assignment?
- A. Duty role context assignment to a user
- B. Security privileges assignment to a user job role
- C. Security data access context assignment to a user job role
- D. Security data role context assignment to a user job role
Answer: C
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