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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Analyze Accounting, Reporting, Audit and Reconciliation Requirements20%
Topic 2: Register and Update Source Systems15%
Topic 3: Reporting, Auditing and Diagnostics10%
Topic 4: Upload Transaction Data and Adjust Journal Entries10%
Topic 5: Modeling Considerations10%
Topic 6: Analyze Transaction Type Life Cycle15%
Topic 7: Configure Accounting Rules20%

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. '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 ofindividual 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) Accounting class
B) Recognition Journal class
C) Recurring Journal class
D) Multiperiod class


2. Which is used to track a specific transaction attribute on subledger journal entries?

A) supporting references
B) lookup value rules
C) value set rules
D) account rules


3. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A) an Oracle Transactional Business Intelligence analysis
B) a predefined Oracle Business Intelligence Publisher report
C) a Smart View Report
D) an Oracle Financial Reporting Studio report


4. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Existing Account Rule
B) Value Set
C) Source
D) Mapping Set
E) Constant
F) Account Combination


5. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?

A) Attribute Identifier
B) User Transaction Identifier
C) Source System Identifier
D) System Identifier


Solutions:

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

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