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

  • Exam Code: 1Z0-1060-20
  • Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
  • Updated: Jun 02, 2026
  • Q&As: 62 Questions and Answers

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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A) an Oracle Transactional Business Intelligence analysis
B) a predefined Oracle Business Intelligence Publisher report
C) an Oracle Financial Reporting Studio report
D) a Smart View Report


2. 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.


3. 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.
How do you set up an account rule that is based on leased and owned trucks?

A) Set up a mapping set rule.
B) Set up a lookup value.
C) Set up a value set rule.
D) Set up an account source in the source system file and derive the value.


4. Which three are mandatory transaction source information?

A) Distribution Link
B) Ledger Name
C) Transaction Date
D) Transaction Line
E) Transaction Number


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


Solutions:

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

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