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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: Sep 17, 2026
- Q & A: 62 Questions and Answers
About Oracle Accounting Hub Cloud 2020 Implementation Essentials : 1Z0-1060-20 Exam
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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting and Inquiry | 15% | - Reporting Capabilities
|
| Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
| Transaction Processing | 15% | - Accounting Processing
|
| Source System Integration | 20% | - Transaction Data Integration
|
| Implementation and Security | 10% | - Administration and Security
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
Question #1
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
- A. Group by GL Date
- B. Summarize by GL Date
- C. Transfer in Details
- D. Summarize by GL Period
Correct Answer: A 🗳️
Question #2
You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?
- A. The account override feature provides an audit trail by preserving the original subledger journal entry.
- B. The account override feature allows users to record a reason for the adjustment.
- C. The account override feature adjusts the original source transaction.
- D. The account override feature is only intended to correct subledger journals that have been posted.
Correct Answer: A,B 🗳️
Question #3
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. Create a Smart View report using the query designer feature.
- B. Use either Account Monitor or Account Inspector to get required Information.
- C. Build an OTBI analysis that includes a relevant subject area.
- D. Build a Financial Reporting Studio report that includes all dimensions.
Correct Answer: C 🗳️
Question #4
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.
What would the typical line information be?
- A. Transaction Date
- B. Company
- C. Customer Number
- D. Truck Type
Correct Answer: D 🗳️
Question #5
Given the subledger journal entry:
Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?
- A. It is not balanced by balancing segment.
- B. It appears correct.
- C. It is not balanced by entered amounts.
- D. It is not balanced by entered currency.
Correct Answer: A 🗳️
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