Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting and Period Close | - Reporting and period close processes |
| Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
| Adjust Journal Entries | - Manage and adjust journal entries |
| Source System and Integration | - Register source systems and integration options - Update registered source systems |
| Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Modeling Considerations | - Analyze modeling considerations |
| Transaction Data and Automation | - Understand transaction data and automation with web services |
| Functional Setup and Security | - Configure security roles and access - Use Functional Setup Manager |
| Transaction Lifecycle | - Analyze transaction type life cycle |
| Accounting Rule Configuration | - Configure and analyze accounting rules |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
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. Source System Identifier
- C. User Transaction Identifier
- D. System Identifier
Correct Answer: A 🗳️
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.
Correct Answer: A,C 🗳️
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
- A. The rule is built using a line level source.
- B. The rule is built using a custom source.
- C. The source does not return any value; therefore the rule is not displayed.
- D. The rule is built using a value set source.
Correct Answer: A 🗳️
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. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
- B. Use the Open Account Balances Listing report that has balances by customer.
- C. Use the Third Party Control Account feature.
- D. Use Supporting References to capture customer classification information.
Correct Answer: D 🗳️
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. provide real-time visibility to financial reports inFAH Reporting Cloud Service
- B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
- C. transfer Balances to FAH Reporting Cloud Service
- D. upload transaction data into FAH Reporting Cloud Service
Correct Answer: B 🗳️
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