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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Transaction Processing	15%	- Transfer to General Ledger - Transaction validation and error handling - Create Accounting process
Topic 2: Accounting Rules Configuration	30%	- Account rules and mapping sets - Event model and event classes/types - Description and journal line rules - Supporting references and accounting methods
Topic 3: Implementation and Security	10%	- Role-based access control - Implementation lifecycle - Troubleshooting and best practices
Topic 4: Source System Integration	20%	- Define transaction objects and attributes - Register source systems - File-based data import and mapping
Topic 5: Accounting Hub Overview	10%	- Subledger Accounting (SLA) overview - Business benefits and use cases - Architecture and core concepts
Topic 6: Reporting and Inquiry	15%	- Accounting Hub reports and dashboards - Reconciliation and diagnostics - Journal inquiry and drill-down

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Application Implementation Consultant
B) Accounting Hub Integration
C) Subledger Accounting Manager
D) Accounting Hub Maintenance
E) Accounting Hub Administration

2. 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 would the typical line information be?

A) Truck Type
B) Company
C) Transaction Date
D) Customer Number

3. '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" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
B) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
C) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
D) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")

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

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

5. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?