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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Configure Accounting Rules | 20% | |
| Upload Transaction Data and Adjust Journal Entries | 10% | |
| Analyze Transaction Type Life Cycle | 15% | |
| Modeling Considerations | 10% | |
| Analyze Accounting, Reporting, Audit and Reconciliation Requirements | 20% | |
| Reporting, Auditing and Diagnostics | 10% | |
| Register and Update Source Systems | 15% |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
Question 1
What is a user job role data context assignment?
A. Duty role context assignment to a user
B. Security data access context assignment to a user job role
C. Security privileges assignment to a user job role
D. Security data role context assignment to auser job role
Question 2
Invoices received from a source system need touse a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?
A. Create two journal line rules with a condition of supplier type.
B. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
C. Create a 30 account combination rule with acondition of expense type.
D. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
Question 3
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 classificationinformation.
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 Open Account Balances Listing report that has balances by customer.
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 Third Party Control Account feature.
Question 4
While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?
A. The account rule is defined with a different chart of accounts from the journal entry rule set.
B. The account rule is defined with conditions that are not allowing the assignment.
C. The account rule does not return any valid account value.
D. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
Question 5
Which is used to track a specific transaction attribute on subledger journal entries?
A. value set rules
B. supporting references
C. lookup value rules
D. account rules
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: A,D | Question 5 Answer: B |


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