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Updated: Jul 21, 2026
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Oracle 1Z0-1060-20 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Accounting Hub Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1060-20 |
| Real Exam Qty: | 55-60 |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud Certification Oracle Cloud ERP Certifications |
| Certificate Validity Period: | 18 months |
| Exam Price: | $245 USD |
| Passing Score: | 65% |
| Recommended Training: | Oracle University Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | Oracle 1Z0-1060-20 Sample Questions |
| Exam Way: | Online proctored or test center |
| Pre Condition: | Recommended: experience with Oracle Financials Cloud and basic accounting principles |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Data Integration and Processing | - Transaction processing
|
| Reporting and Reconciliation | - Financial reporting outputs
|
| Accounting Rules and Mapping | - Accounting rule definition
|
| Implementation and Administration | - Deployment and maintenance
|
| Configuration and Setup | - Initial setup tasks
|
| Accounting Hub Cloud Overview | - Architecture and key components
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
A) Journal Entry
B) Event Class
C) Journal Entry Rule Set
D) Event Type
E) Journal Line Rule
2. What attribute of a subledger journal entry is NOT transferred to GL?
A) Accounting class
B) Accounted amounts
C) Supporting references
D) Accounting lines
3. 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) Summarize by GL Date
B) Transfer in Details
C) Group by GL Date
D) Summarize by GL Period
4. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
A) Add this as a new transaction type into existing registered subledger from the user interface.
B) Add this as a new transaction typo into existing subledger registration spreadsheet template.
C) Change the transaction data file.
D) Register it as a new source system.
5. A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
A) One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
B) One subledger for each source system.
C) One subledger for all 4 source systems.
D) One subledger for the 3 Loan systems and one subledger for Insurance.
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A,D | Question # 5 Answer: C,D |
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