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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounting Hub Cloud Overview | - Concepts and architecture of Accounting Hub Cloud - Key business benefits and use cases |
| Setup and Configuration | - Configuration of accounting methods - Security and role configuration - Implementation setup tasks |
| Source Systems Integration | - Data ingestion and transformation - Integrating external source systems |
| Accounting Hub Data Processing | - Event model and processing flow - Import and validation of transactions |
| Subledger Accounting and Rules | - Accounting rules definition - Journal generation process - Mapping sets and conditions |
| Reporting and Reconciliation | - Financial reporting outputs - Reconciliation processes |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
Invoices received from a source system need touse a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?
- A. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- B. Create two journal line rules with a condition of supplier type.
- C. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
- D. Create a 30 account combination rule with acondition of expense type.
Correct Answer: C 🗳️
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounting class
- B. Accounting lines
- C. Accounted amounts
- D. Supporting references
Correct Answer: D 🗳️
What is the key attribute that is used to query journalentries of a registered source system?
- A. Ledger Name
- B. Accounting Date
- C. Transaction Date
- D. Journal Source
Correct Answer: D 🗳️
What is a user job role data context assignment?
- A. Duty role context assignment to a user
- B. Security privileges assignment to a user job role
- C. Security data access context assignment to a user job role
- D. Security data role context assignment to auser job role
Correct Answer: C 🗳️
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 an accounting method.
- B. Assign it to a transaction type.
- C. Assign it to an account rule.
- D. Assign it to an accounting attribute.
Correct Answer: C 🗳️
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