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Oracle 1Z0-1060-20 : Oracle Accounting Hub Cloud 2020 Implementation Essentials

1Z0-1060-20

Exam Code: 1Z0-1060-20

Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials

Updated: Aug 08, 2026

Q & A: 62 Questions and Answers

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionObjectives
Accounting Hub Cloud Overview- Architecture and key components
  • 1. Accounting Hub Cloud positioning and use cases
    • 2. Integration with Oracle Financials Cloud
      Implementation and Administration- Deployment and maintenance
      • 1. Security and roles setup
        • 2. Troubleshooting and monitoring
          Accounting Rules and Mapping- Accounting rule definition
          • 1. Rules-based accounting configuration
            • 2. Mapping sets and derivation rules
              Reporting and Reconciliation- Financial reporting outputs
              • 1. Journal and subledger reporting
                • 2. Reconciliation processes
                  Data Integration and Processing- Transaction processing
                  • 1. Accounting entry generation process
                    • 2. Importing source transactions
                      Configuration and Setup- Initial setup tasks
                      • 1. Source system configuration
                        • 2. Ledger and accounting setup considerations

                          Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

                          1. There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
                          What is the solution to implement this requirement?

                          A) define line description rule with condition
                          B) define user transaction line identifier
                          C) define journal entry rule set with condition
                          D) define journal line rules with conditions


                          2. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

                          A) Accounting Hub Create and Post Journal Entry Duty Role
                          B) Accounting Hub Integration Duty Role
                          C) Accounting Hub Import Duty Role
                          D) Accounting Hub Create Accounting Duty Role


                          3. Which four options are used to reconcile subledger journal entries?

                          A) Tag supporting references with journal entry lines.
                          B) Run the Subledger Accounting Method Setups report.
                          C) Set up reconciliation using the reconciliation reference accounting attribute.
                          D) Assign a descriptive text and source on journal lines.
                          E) Run the Subledger Accounting Diagnostics report.
                          F) Build a custom OTBI report.


                          4. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
                          How can you meet this requirement?

                          A) Use either Account Monitor or Account Inspector to get required Information.
                          B) Create a Smart View report using the query designer feature.
                          C) Build a Financial Reporting Studio report that includes all dimensions.
                          D) Build an OTBI analysis that includes a relevant subject area.


                          5. 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 a web service tool.
                          B) Use Oracle ERP Integration tool.
                          C) Use PaaS tools, for example, ICS - to perform ETL tasks.
                          D) Use Oracle OTBI tool.


                          Solutions:

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

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