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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Implementation and Administration | - Deployment and maintenance
|
| Configuration and Setup | - Initial setup tasks
|
| Reporting and Reconciliation | - Financial reporting outputs
|
| Accounting Hub Cloud Overview | - Architecture and key components
|
| Data Integration and Processing | - Transaction processing
|
| Accounting Rules and Mapping | - Accounting rule definition
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. Which transaction source is used to link transaction header and line information?
A) Transaction Number
B) Transaction Key
C) Transaction Type
D) Transaction Date
2. You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
A) Use the Third Party Control Account feature.
B) Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
C) Use Supporting References to capture customer classification information.
D) Use the Open Account Balances Listing report that has balances by customer.
3. 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 currency.
D) It is not balanced by entered amounts.
4. Given the business requirement in the 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 are the key transaction types mentioned in the use case?
A) Pay Insurance and Control Truck Services
B) Initiate Truck Rentals Contract and Pay Truck Maintenance
C) Purchase Trucks and Pay Out Trucks
D) Purchase Trucks and Deploy Trucks
5. 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 is only intended to correct subledger journals that have been posted.
B) The account override feature adjusts the original source transaction.
C) The account override feature provides an audit trail by preserving the original subledger journal entry.
D) The account override feature allows users to record a reason for the adjustment.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: C,D |




