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

Updated: Sep 22, 2026
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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionObjectives
Subledger Accounting and Rules- Mapping sets and conditions
- Journal generation process
- Accounting rules definition
Source Systems Integration- Data ingestion and transformation
- Integrating external source systems
Reporting and Reconciliation- Reconciliation processes
- Financial reporting outputs
Setup and Configuration- Implementation setup tasks
- Configuration of accounting methods
- Security and role configuration
Accounting Hub Cloud Overview- Key business benefits and use cases
- Concepts and architecture of Accounting Hub Cloud
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

'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 ofindividual 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. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

  • A. Accounting class
  • B. Recurring Journal class
  • C. Multiperiod class
  • D. Recognition Journal class
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

Which two options allow validating input values on mapping sets?

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

Correct Answer: B,C  🗳️

Question #3

You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

  • A. Existing Account Rule
  • B. Source
  • C. Value Set
  • D. Constant
  • E. Mapping Set
  • F. Account Combination
Reveal Solution  Discussion  0

Correct Answer: A,B,D,E  🗳️

Question #4

Which four options are used to reconcile subledger journal entries?

  • A. Build a custom OTBIreport.
  • B. Set up reconciliation using the reconciliation reference accounting attribute.
  • C. Run the Subledger Accounting Diagnostics report.
  • D. Tag supporting references with journal entry lines.
  • E. Assign a descriptive text and source on journal lines.
  • F. Run the Subledger Accounting Method Setups report.
Reveal Solution  Discussion  0

Correct Answer: A,B,D,E  🗳️

Question #5

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 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.
  • B. Create two journal line rules with a condition of supplier type.
  • C. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
  • D. Create a 30 account combination rule with acondition of expense type.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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