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 |
|---|---|---|
| Topic 1: Implementation and Security | 10% | - Role-based access control - Implementation lifecycle - Troubleshooting and best practices |
| Topic 2: Accounting Hub Overview | 10% | - Architecture and core concepts - Subledger Accounting (SLA) overview - Business benefits and use cases |
| Topic 3: Transaction Processing | 15% | - Transaction validation and error handling - Transfer to General Ledger - Create Accounting process |
| Topic 4: Source System Integration | 20% | - Register source systems - File-based data import and mapping - Define transaction objects and attributes |
| Topic 5: Accounting Rules Configuration | 30% | - Supporting references and accounting methods - Event model and event classes/types - Account rules and mapping sets - Description and journal line rules |
| Topic 6: Reporting and Inquiry | 15% | - Journal inquiry and drill-down - Accounting Hub reports and dashboards - Reconciliation and diagnostics |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
- A. The rule is built using a value set source.
- B. The rule is built using a custom source.
- C. The source does not return any value; therefore the rule is not displayed.
- D. The rule is built using a line level source.
Correct Answer: D 🗳️
Which two actions can you accomplish for a registered source system?
- A. Revise source Information through the user interface and add more sources.
- B. Modify the subledger application name as long as there are no pending accounting entries.
- C. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
- D. Add new event classes through the user interface.
Correct Answer: A,C 🗳️
What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?
- A. Use Oracle ERP Integration tool.
- B. Use Oracle OTBI tool.
- C. Use a web service tool.
- D. Use PaaS tools, for example, ICS - to perform ETL tasks.
Correct Answer: D 🗳️
Given the business requirement in the 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 are the key transaction types mentioned in the use case?
- A. Pay Insurance and Control Truck Services
- B. Initiate Truck Rentals Contract and Pay Truck Maintenance
- C. Purchase Trucks and Pay Out Trucks
- D. Purchase Trucks and Deploy Trucks
Correct Answer: B 🗳️
How do you enable diagnostics on subledger transaction sources?
- A. enable diagnostic attribute
- B. enable transaction debug
- C. enable diagnostic profile
- D. enable diagnostic source
Correct Answer: C 🗳️
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