Oracle 1Z0-1060-20 Certification: Exam Details, Syllabus and Questions

Oracle 1Z0-1060-20 Certification: Exam Details, Syllabus and Questions 1Z0-1060-20

DBexam.com Get complete detail on 1Z0-1060-20 exam guide to crack Oracle Accounting Hub Cloud 2020 Implementation Essentials. You can collect all information on 1Z0-1060-20 tutorial, practice test, books, study material, exam questions, and syllabus. Firm your knowledge on Oracle Accounting Hub Cloud 2020 Implementation Essentials and get ready to crack 1Z0-1060-20 certification. Explore all information on 1Z0-1060-20 exam with number of questions, passing percentage and time duration to complete test.

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How to Prepare for the 1Z0-1060-20 Exam on Oracle Accounting Hub Cloud 2020 Implementation Essentials Certification?

Oracle Accounting Hub Cloud 2020 Implementation Essentials (1Z0-1060-20) preparation guide helps you to get focused on the exam. This guide also helps you to be on the 1Z0-1060-20 exam track to get certified with a good score in the final exam.

1Z0-1060-20 Oracle Accounting Hub Cloud 2020 Implementation Essentials Exam Summary Exam Name

Oracle Accounting Hub Cloud 2020 Implementation Essentials

Exam Code

1Z0-1060-20

1Z0-1060-20: Oracle Accounting Hub Cloud 2020 Implementation Essentials

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Exam Product Version

Oracle Financials Cloud 20B

Exam Price

USD $245 (Pricing may vary by country or by localized currency)

Duration

85 minutes

Number of Questions

55

Passing Score

64%

Format

Multiple Choice Questions (MCQ)

Recommended Training

Oracle Financials Cloud Learning Subscription

Schedule Exam

Pearson VUE

Sample Questions

Oracle Accounting Hub Cloud 2020 Certified Implementation Specialist (OCS)

Recommended Practice

1Z0-1060-20 Online Practice Exam

Exam Syllabus: 1Z0-1060-20 Oracle Accounting Hub Cloud 2020 Implementation Essentials Subjects Transaction type life cycle

Sub Topics - Analyze and identify transaction type life cycle: transaction type life cycle from the beginning to closing. For example, booking reservation, confirm, pay, cancel.

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Modeling considerations

- Analyze other modeling considerations: transaction type, consolidated vs separated subledger view, pass through, rulebased, primary ledger only, primary plus secondary ledger, legal entities Register Source System and - Register Source System and PaaS (ICS) integration (to include PaaS (ICS) integration "Transaction Information" and "Line Information" worksheets, and Transaction Objects) Configure accounting rules - Configure accounting rules and edits on ledger and chart of and edits on ledger and accounts: chart of accounts ● Accounting method ● Journal entry rule set ● Journal line rule ● Account rule ● Mapping set ● Description rule ● Supporting references ● User-defined formula ● Others: intercompany journal lines, gain and loss journal lines, multiperiod journal entries, accrual reversal Reporting and Audit - Perform Reporting and Audits: create custom OTBI report, create custom BIP report, security, period close readiness and closing exception reporting and dashboard; FRC (GL's reporting center: Studio and Smart View); and security (Security includes GL and Accounting Hub securities) Diagnostics - Perform diagnostics (Subledger Accounting Diagnostic diagnose how subledger sources and attributes are used in the create accounting process) Security - Explain Users and Role Based Access Control - Describe the Security Console Accounting, reporting, audit, - Analyze accounting, reporting, audit, and reconciliation and reconciliation requirements for accounting transactions: journal entries, accounts requirements - Analyze accounting, reporting, audit, and reconciliation requirements for reporting transactions: journal and line descriptions, reporting attributes - Analyze accounting, reporting, audit, and reconciliation requirements for reconciliation transactions: reconciliation reference attribute Accounting rule - Analyze the accounting rule configuration: Journal entries, configuration accounting method, chart of accounts, accounts derivation, intercompany Update Registered Source - Update Registered Source System: accounting attribute System assignments, sources, event types Transaction data and - Upload transaction data, correct when there are errors, and

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automation with web service perform automation with web service Adjust Journal Entries - Adjust journal entries: override, create manual adjustment entries Functional Setup Manager - Explain Functional Setup Manager Offerings, Functional Area and Features, Manage Setup Data, and Export and Import Setup Data

Oracle 1Z0-1060-20 Certification Sample Questions and Answers To make you familiar with Oracle Accounting Hub Cloud 2020 Implementation Essentials (1Z01060-20) certification exam structure, we have prepared this sample question set. We suggest you to try our Sample Questions for Oracle OCS 1Z0-1060-20 Certification to test your understanding of the Oracle 1Z0-1060-20 process with the real Oracle certification exam environment.

1Z0-1060-20 Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions 01. In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.

How can you resolve this challenge? a) Use a custom formula in an account rule to derive amounts. b) Use a custom formula in a description rule to derive amounts. c) Use a custom formula in a journal line rule to derive amounts. d) Use a custom formula in a supporting reference to derive amounts.

02. What are all the tabs that are available to be completed in the Register Source System spreadsheet? a) Source System and Line Information b) Source System and Transaction Information c) Source System d) Source System, Transaction Information, and Line Information 03. Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger? a) Specify Ledger Options b) Manage Accounting Attribute Assignments c) Manage Reporting Currencies d) Manage Subledger Accounting Options 04. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

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a) Conversion type and conversion date b) Conversion type, conversion date and conversion rate c) Conversion date and conversion rate d) Conversion type 05. How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud? a) Two b) One c) Three d) Unlimited 06. You need to build a complex account rule. Which four value types can you use in your definition? a) Value Set b) Constant c) Existing Account Rule d) Account Combination e) Mapping Set f) Source 07. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.

How can you meet this requirement? a) Use either Account Monitor or Account Inspector to get required Information. b) Build a Financial Reporting Studio report that includes all dimensions. c) Build an OTBI analysis that includes a relevant subject area. d) Create a Smart View report using the query designer feature.

08. While creating a journal entry rule set you are NOT able to use an account rule that was created recently. Which two reasons can explain this? a) The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set. b) The account rule is defined with conditions that are not allowing the assignment. c) The account rule does not return any valid account value. d) The account rule is defined with a different chart of accounts from the journal entry rule set.

09. You have been assigned to troubleshoot a Create Accounting error. What is the first step you need to take to use the diagnostics framework features? a) Run Create Accounting again to generate journal entries for the events that ended in error. b) Set the "SLA: Diagnostics Enabled" profile option. c) Submit the Accounting Event Diagnostics process. d) Run the Accounting Events Diagnostic Report.

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10. What can you override in a completed subledger journal entry? a) the supporting Information b) the account c) the descriptions d) the amounts Solution: QUESTION: 01

QUESTION: 02

QUESTION: 03

QUESTION: 04

QUESTION: 05

Answer: d

Answer: c

Answer: b

Answer: c

Answer: c

QUESTION: 06

QUESTION: 07

QUESTION: 08

QUESTION: 09

QUESTION: 10

Answer: a, b, c, f

Answer: a

Answer: a

Answer: b

Answer: d

How to Register for 1Z0-1060-20 Oracle Accounting Hub Cloud 2020 Implementation Essentials Exam? ●

Purchase exam voucher from Oracle University

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Register for an exam at PearsonVue.

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