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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionWeightObjectives
Reporting, Auditing and Diagnostics10%
Analyze Accounting, Reporting, Audit and Reconciliation Requirements20%
Upload Transaction Data and Adjust Journal Entries10%
Configure Accounting Rules20%
Register and Update Source Systems15%
Modeling Considerations10%
Analyze Transaction Type Life Cycle15%

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

  • A. Document Sequence
  • B. Reporting Sequence
  • C. Accounting Sequence
  • D. Journal Entry Sequence
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?

  • A. Assign a line classification or line type attribute.
  • B. Assign an accounting attribute.
  • C. You do not need to do anything additional.
  • D. Assign a custom formula.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Which two options allow validating input values on mapping sets?

  • A. Value sets
  • B. Lookup types
  • C. Segment values
  • D. Chart of accounts segment
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?

  • A. The account override feature provides an audit trail by preserving the original subledger journal entry.
  • B. The account override feature adjusts the original source transaction.
  • C. The account override feature allows users to record a reason for the adjustment.
  • D. The account override feature is only intended to correct subledger journals that have been posted.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

What is a user job role data context assignment?

  • A. Security privileges assignment to a user job role
  • B. Duty role context assignment to a user
  • C. Security data access context assignment to a user job role
  • D. Security data role context assignment to auser job role
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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