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Oracle 1Z1-1060 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Source System Registration & Integration | 20% | - Register source systems - PaaS (ICS) integration and automation - Update registered source systems |
| Topic 2: Accounting Rule Configuration | 25% | - Set mapping sets, description rules, formulas - Apply ledger and chart of accounts edits - Configure accounting methods and supporting references - Define journal entry rules, line rules, account rules |
| Topic 3: Security, Reporting & Diagnostics | 10% | - Role-based access control and security console - Execute diagnostics and exception handling - Perform reporting and audits |
| Topic 4: Accounting Requirements & Transaction Modeling | 20% | - Model considerations: ledger views, legal entities - Analyze accounting, reporting, audit, and reconciliation needs - Identify transaction type life cycle |
| Topic 5: Functional Setup Manager | 15% | - Manage setup data, export and import - Explain offerings and functional areas |
| Topic 6: Transaction Data & Adjustments | 10% | - Upload transaction data - Create and correct journal adjustments |
Oracle Accounting Hub Cloud 2019 Implementation Essentials Exam FAQ — What Matters
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Yes:
Official courses consolidate theory; the 60 practice questions for the Oracle Accounting Hub Cloud 2019 Implementation Essentials consolidate exam readiness. Use both.
The Oracle Accounting Hub Cloud 2019 Implementation Essentials is Oracle's certification exam for Oracle Accounting Hub Cloud 2019 Certified Implementation Specialist, at the Specialist level. For IT workers with aspirations, it's essential proof of capability — the line that starts or advances a career. Related credentials include Oracle Financials Cloud Certified Implementation Specialist.
The Oracle Accounting Hub Cloud 2019 Implementation Essentials blueprint spans 6 domains — including Transaction Data & Adjustments (10%), Accounting Requirements & Transaction Modeling (20%), Accounting Rule Configuration (25%). Allocate study time by weighting, and consult the full outline above for every subtopic.
No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended Vendors revise eligibility rules periodically, so confirm the current requirements on the official page (official 1Z1-1060 exam page) before registering.
Oracle Accounting Hub Cloud 2019 Implementation Essentials Sample Questions:
'Insurances for Homes' company provide home insurance service. 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 premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
- A. Recurring Journal class
- B. Accounting class
- C. Recognition Journal class
- D. Multiperiod class
Correct Answer: D 🗳️
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 wil the typical transaction information be at the header level?
- A. Currency
- B. Line Type
- C. Customer Number
- D. Amount
Correct Answer: D 🗳️
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
- A. Conversion type
- B. Conversion type and conversion date
- C. Conversion date and conversion rate
- D. Conversion type, conversion date and conversion rate
Correct Answer: C 🗳️
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a new data warehouse solution.
- B. Run predefined reports and filter the report with the available report parameters.
- C. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- D. Request support team to download subledger Journal entry data.
Correct Answer: A 🗳️
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounting class
- B. Accounted amounts
- C. Supporting references
- D. Accounting lines
Correct Answer: D 🗳️
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