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 04, 2026

Q & A: 62 Questions and Answers

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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounting Hub Cloud Overview- Architecture and key components
  • 1. Integration with Oracle Financials Cloud
    • 2. Accounting Hub Cloud positioning and use cases
      Topic 2: Implementation and Administration- Deployment and maintenance
      • 1. Security and roles setup
        • 2. Troubleshooting and monitoring
          Topic 3: Configuration and Setup- Initial setup tasks
          • 1. Ledger and accounting setup considerations
            • 2. Source system configuration
              Topic 4: Accounting Rules and Mapping- Accounting rule definition
              • 1. Rules-based accounting configuration
                • 2. Mapping sets and derivation rules
                  Topic 5: Data Integration and Processing- Transaction processing
                  • 1. Importing source transactions
                    • 2. Accounting entry generation process
                      Topic 6: Reporting and Reconciliation- Financial reporting outputs
                      • 1. Reconciliation processes
                        • 2. Journal and subledger reporting

                          Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

                          Question #1

                          What can you override in a completed subledger journal entry?

                          • A. the supporting Information
                          • B. the descriptions
                          • C. the amounts
                          • D. the account
                          Answer: D
                          Question #2

                          Which two can you use to view supporting reference balances?

                          • A. Use the Supporting Reference Balance Inquiry page.
                          • B. Use Business Intelligence Publisher to build a custom report.
                          • C. Submit the standard Supporting Reference Balances Report.
                          • D. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
                          Answer: A,D
                          Question #3

                          Which four options are used to reconcile subledger journal entries?

                          • A. Run the Subledger Accounting Method Setups report.
                          • B. Tag supporting references with journal entry lines.
                          • C. Set up reconciliation using the reconciliation reference accounting attribute.
                          • D. Assign a descriptive text and source on journal lines.
                          • E. Build a custom OTBI report.
                          • F. Run the Subledger Accounting Diagnostics report.
                          Answer: B,C,D,E
                          Question #4

                          Which is an alternate way to implement a mapping set rule?

                          • A. Define a flexfield rule with conditions.
                          • B. Define an account rule with conditions.
                          • C. Define a chart of account rule with conditions.
                          • D. Define a lookup type rule with conditions.
                          Answer: B
                          Question #5

                          To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

                          • A. Conversion type and conversion date
                          • B. Conversion date and conversion rate
                          • C. Conversion type
                          • D. Conversion type, conversion date and conversion rate
                          Answer: B

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