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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Configure Accounting Rules | 20% | |
| Topic 2: Analyze Transaction Type Life Cycle | 15% | |
| Topic 3: Upload Transaction Data and Adjust Journal Entries | 10% | |
| Topic 4: Register and Update Source Systems | 15% | |
| Topic 5: Modeling Considerations | 10% | |
| Topic 6: Reporting, Auditing and Diagnostics | 10% | |
| Topic 7: Analyze Accounting, Reporting, Audit and Reconciliation Requirements | 20% |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?
- A. Add new transaction sources from the user interface.
- B. Register another source system that includes these new transaction sources.
- C. Tell them thiscannot be implemented.
- D. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
Correct Answer: A 🗳️
'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Multiperiod and Recognition
- B. Deferral and Recognition
- C. Reversal and Recognition
- D. Offsets and Recognition
Correct Answer: B 🗳️
What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?
- A. Accounting Unit Commit Size
- B. Processing Unit Size
- C. Buffer Unit Size
- D. Virtual Machine Processing Size
Correct Answer: B 🗳️
What can you override in a completed subledger journal entry?
- A. the amounts
- B. the descriptions
- C. the account
- D. the supporting Information
Correct Answer: C 🗳️
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Accounting Hub Integration
- B. Accounting Hub Maintenance
- C. Subledger Accounting Manager
- D. Application Implementation Consultant
- E. Accounting Hub Administration
Correct Answer: A,D,E 🗳️
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