Exam Name: Oracle Accounting Hub Cloud 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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A short study window does not have to derail your 1Z0-1060 plans. Actual4dump organizes 60 focused practice questions for Oracle Accounting Hub Cloud 2019 Implementation Essentials, helping you spend revision time where it can make the greatest difference.
Oracle 1Z0-1060 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2019 Implementation Essentials |
| Exam Number: | 1Z0-1060 |
| Exam Price: | USD $245 |
| Passing Score: | 64% |
| Exam Duration: | 105 minutes |
| Real Exam Qty: | 60 |
| Related Certifications: | Oracle Financials Cloud Certified Implementation Specialist |
| Certificate Validity Period: | 18 months |
| Exam Format: | Scenario-based, Multiple Response, Multiple Choice |
| Available Languages: | English |
| Recommended Training: | Oracle Financials Cloud Learning Subscription |
| Exam Registration: | Oracle University Exam Registration Pearson VUE Scheduling |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-accounting-hub-cloud-2019-implementation-essentials/pexam_1Z0-1060 |
Oracle 1Z0-1060 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Rule Configuration | 25% | - Apply ledger and chart of accounts edits - Set mapping sets, description rules, formulas - Configure accounting methods and supporting references - Define journal entry rules, line rules, account rules |
| Topic 2: Functional Setup Manager | 15% | - Explain offerings and functional areas - Manage setup data, export and import |
| Topic 3: Security, Reporting & Diagnostics | 10% | - Execute diagnostics and exception handling - Role-based access control and security console - Perform reporting and audits |
| Topic 4: Transaction Data & Adjustments | 10% | - Create and correct journal adjustments - Upload transaction data |
| Topic 5: Source System Registration & Integration | 20% | - PaaS (ICS) integration and automation - Update registered source systems - Register source systems |
| Topic 6: Accounting Requirements & Transaction Modeling | 20% | - Model considerations: ledger views, legal entities - Analyze accounting, reporting, audit, and reconciliation needs - Identify transaction type life cycle |
Common Questions About Oracle Accounting Hub Cloud 2019 Implementation Essentials
The 1Z0-1060 exam, Oracle Accounting Hub Cloud 2019 Implementation Essentials, assesses whether a candidate can apply Oracle knowledge to the skills measured by this credential. It is associated with the Oracle Accounting Hub Cloud 2019 Certified Implementation Specialist certification. The certification is positioned at the Specialist level. Related credentials include Oracle Financials Cloud Certified Implementation Specialist.
The 1Z0-1060 exam includes 60 questions and allows 105 minutes. Plan your pacing before exam day rather than calculating it under pressure. Timed sessions with Actual4dump practice tests can help you decide when to flag a difficult item, keep moving, and reserve enough time for a final review.
The published passing score for Oracle Accounting Hub Cloud 2019 Implementation Essentials is 64%, and the official exam fee is USD $245. A retake requires budgeting for the full official fee again, so it is sensible to complete several timed practice tests before scheduling. Consistent results across the 60 practice questions can give you a clearer picture of your readiness.
The stated prerequisite information for Oracle Accounting Hub Cloud 2019 Implementation Essentials is: No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended Before registering, review the eligibility details on the official exam page to confirm the requirements.
You can register for Oracle Accounting Hub Cloud 2019 Implementation Essentials through the following channels:
The available exam delivery format is Online proctored or onsite at Pearson VUE test centers.
The following official training resources are recommended for Oracle Accounting Hub Cloud 2019 Implementation Essentials:
After reviewing these training options, you can reinforce each topic with 60 practice questions from Actual4dump.
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The published Oracle Accounting Hub Cloud 2019 Implementation Essentials outline contains 6 major domains. The opening domains include:
- Security, Reporting & Diagnostics (10%)
- Source System Registration & Integration (20%)
- Accounting Requirements & Transaction Modeling (20%)
Review the complete Exam Topics section above for every domain and subtopic before planning your study time.
Oracle Accounting Hub Cloud 2019 Implementation Essentials Sample Questions:
Question 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 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, 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. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
A. Reversal and Recognition
B. Deferral and Recognition
C. Multiperiod and Recognition
D. Offsets and Recognition
Question 2
Which two options allow validating input values on mapping sets?
A. Value sets
B. Lookup types
C. Chart of accounts segment
D. Segment values
Question 3
Which two can you use to view supporting reference balances?
A. Use the Supporting Reference Balance Inquiry page.
B. Use Business Intelligence Publisher to build a custom report.
C. Submit the standard Supporting Reference Balances Report.
D. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
Question 4
Which three duty roles are required to perform Accounting Hub setup tasks?
A. Accounting Hub Integration
B. Accounting Hub Maintenance
C. Subledger Accounting Manager
D. Application Implementation Consultant
E. Accounting Hub Administration
Question 5
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What wil the typical transaction information be at the header level?
A. Customer Number
B. Amount
C. Line Type
D. Currency
Solutions:
| Question 1 Answer: C | Question 2 Answer: D | Question 3 Answer: B,D | Question 4 Answer: A,C,D | Question 5 Answer: B |
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