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Oracle 1Z0-1060-21 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Accounting Hub Cloud 2021 Implementation Essentials |
| Exam Number: | 1Z0-1060-21 |
| Related Certifications: | Oracle Financials Cloud Certifications Oracle Cloud Applications Certifications |
| Exam Format: | Multiple Choice, Multiple Response |
| Passing Score: | Approximately 68% (Oracle standard scaled score, may vary) |
| Certificate Validity Period: | 18-24 months or subject to Oracle certification policy updates |
| Exam Price: | $245 USD (may vary by region) |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 50-60 (typical Oracle format, exact number not officially fixed) |
| Available Languages: | English |
| Recommended Training: | Oracle Learning Subscription Oracle Accounting Hub Cloud Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-1060-21 Sample Questions |
| Exam Way: | Online proctored or test center (Pearson VUE) |
| Pre Condition: | No mandatory prerequisites, but familiarity with Oracle Financials Cloud and accounting concepts is recommended |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Source Systems Integration | - Integrating external source systems - Data ingestion and transformation |
| Setup and Configuration | - Implementation setup tasks - Configuration of accounting methods - Security and role configuration |
| Accounting Hub Cloud Overview | - Key business benefits and use cases - Concepts and architecture of Accounting Hub Cloud |
| Accounting Hub Data Processing | - Event model and processing flow - Import and validation of transactions |
| Subledger Accounting and Rules | - Journal generation process - Mapping sets and conditions - Accounting rules definition |
| Reporting and Reconciliation | - Reconciliation processes - Financial reporting outputs |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
1. Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all Journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?
A) Assign a line classification or line type attribute.
B) You do not need to do anything additional.
C) Assign a custom formula.
D) Assign an accounting attribute.
2. How do you enable diagnostics on subledger transaction sources?
A) enable diagnostic profile
B) enable transaction debug
C) enable diagnostic source
D) enable diagnostic attribute
3. What is the key attribute that is used to query journalentries of a registered source system?
A) Accounting Date
B) Transaction Date
C) Journal Source
D) Ledger Name
4. You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?
A) Run the Accounting Events DiagnosticReport.
B) Set the "SLA: Diagnostics Enabled" profile option.
C) Submit the Accounting Event Diagnostics process.
D) Run Create Accounting again to generate journal entries for the events that ended in error.
5. Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?
A) Source System Identifier
B) System Identifier
C) User Transaction Identifier
D) Attribute Identifier
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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