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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Source Systems Integration | - Integrating external source systems - Data ingestion and transformation |
| Setup and Configuration | - Configuration of accounting methods - Implementation setup tasks - Security and role configuration |
| Subledger Accounting and Rules | - Journal generation process - Accounting rules definition - Mapping sets and conditions |
| Accounting Hub Data Processing | - Event model and processing flow - Import and validation of transactions |
| Reporting and Reconciliation | - Financial reporting outputs - Reconciliation processes |
| Accounting Hub Cloud Overview | - Key business benefits and use cases - Concepts and architecture of Accounting Hub Cloud |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
1. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?
A) Virtual Machine Processing Size
B) Accounting Unit Commit Size
C) Buffer Unit Size
D) Processing Unit Size
2. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?
A) Source System, Transaction Information, and Line Information
B) Source System and Transaction Information
C) Source System and Line Information
D) Source System
3. While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?
A) The account rule is defined with conditions that are not allowing the assignment.
B) The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
C) The account rule is defined with a different chart of accounts from the journal entry rule set.
D) The account rule does not return any valid account value.
4. 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 rule is built using a line level source.
D) The source does not return any value; therefore the rule is not displayed.
5. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
A) Assign it to a transaction type.
B) Assign it to an account rule.
C) Assign it to an accounting method.
D) Assign it to an accounting attribute.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B,C | Question # 4 Answer: C | Question # 5 Answer: B |
