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Oracle 1Z0-1060-20 Braindumps - in .pdf Free Demo

  • Exam Code: 1Z0-1060-20
  • Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
  • Last Updated: Jul 25, 2026
  • Q & A: 62 Questions and Answers
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  • Exam Code: 1Z0-1060-20
  • Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
  • Last Updated: Jul 25, 2026
  • Q & A: 62 Questions and Answers
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Oracle 1Z0-1060-20 Exam Syllabus Topics:

SectionWeightObjectives
Source System Integration20%- Define transaction objects and attributes
- File-based data import and mapping
- Register source systems
Accounting Rules Configuration30%- Supporting references and accounting methods
- Account rules and mapping sets
- Description and journal line rules
- Event model and event classes/types
Reporting and Inquiry15%- Accounting Hub reports and dashboards
- Reconciliation and diagnostics
- Journal inquiry and drill-down
Transaction Processing15%- Transaction validation and error handling
- Transfer to General Ledger
- Create Accounting process
Implementation and Security10%- Role-based access control
- Troubleshooting and best practices
- Implementation lifecycle
Accounting Hub Overview10%- Business benefits and use cases
- Architecture and core concepts
- Subledger Accounting (SLA) overview

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) Event Class
B) Journal Entry Rule Set
C) Event Type
D) Journal Entry
E) Journal Line Rule


2. How do you enable diagnostics on subledger transaction sources?

A) enable transaction debug
B) enable diagnostic profile
C) enable diagnostic attribute
D) enable diagnostic source


3. 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 adjusts the original source transaction.
B) The account override feature is only intended to correct subledger journals that have been posted.
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.


4. 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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A) Assign it to an accounting method.
B) Assign it to an account rule.
C) Assign it to a transaction type.
D) Assign it to an accounting attribute.


5. There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on the entered amounts for the line.
What is the solution to implement this requirement?

A) define user transaction line identifier
B) define journal entry rule set with condition
C) define line description rule with condition
D) define journal line rules with conditions


Solutions:

Question # 1
Answer: E
Question # 2
Answer: B
Question # 3
Answer: C,D
Question # 4
Answer: B
Question # 5
Answer: C

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