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Oracle Accounting Hub Cloud 2021 Implementation Essentials : 1Z0-1060-21 Exam

1Z0-1060-21 actual test
  • Exam Code: 1Z0-1060-21
  • Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
  • Updated: Sep 17, 2026
  • Q & A: 62 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Subledger Accounting and Rules- Journal generation process
- Mapping sets and conditions
- Accounting rules definition
Topic 2: Reporting and Reconciliation- Reconciliation processes
- Financial reporting outputs
Topic 3: Source Systems Integration- Integrating external source systems
- Data ingestion and transformation
Topic 4: Setup and Configuration- Implementation setup tasks
- Security and role configuration
- Configuration of accounting methods
Topic 5: Accounting Hub Cloud Overview- Key business benefits and use cases
- Concepts and architecture of Accounting Hub Cloud
Topic 6: Accounting Hub Data Processing- Import and validation of transactions
- Event model and processing flow

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

Question #1

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 Supporting References to capture customer classification information.
  • B. Use the Open Account Balances Listing report that has balances by customer.
  • C. Use the Third Party Control Account feature.
  • D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Which is an alternate way to implement a mappingset rule?

  • A. Define an account rule with conditions.
  • B. Define a chart of account rule with conditions.
  • C. Define a lookup type rule with conditions.
  • D. Define a flexfield rule with conditions.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?

  • A. Summarize by GL Date
  • B. Summarize by GL Period
  • C. Group by GL Date
  • D. Transfer in Details
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

Given the journal:

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

  • A. User Transaction Identifier
  • B. Attribute Identifier
  • C. System Identifier
  • D. Source System Identifier
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

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 adjusts the original source transaction.
  • B. The account override feature provides an audit trail by preserving the original subledger journal entry.
  • 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: B,C  🗳️

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