Oracle 1Z0-1060-20 Exam | Top 5 Preparation Tips | Sample Questions

Oracle 1Z0-1060-20 Exam | Top 5 Preparation Tips |

Sample Questions

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For Oracle 1Z0-1060-20 Exam

Preparation Tips for 1Z0-1060-20 Certification 1. Perform enough practice with Oracle system on related Oracle 1Z0-1060-20 certification subjects.

2. Identify the key configuration, workflow and data flow.

3. Understand all Syllabus Topics of the Exam which are Given in Description.

4. Identify your weak areas from practice test and do more practice with system.

5. Repeat practice exams and try to score 100% on www.DBexam.com.

1Z0-1060-20 Certification Detail Exam Code

1Z0-1060-20

Full Exam Name

Oracle Accounting Hub Cloud 2020 Implementation Essentials

Number of Questions

55

Practice Exams

1Z0-1060-20 Online Practice Exam

Passing Score

64%

Time Limit

85 minutes

Recommended Training

Oracle Financials Cloud Learning Subscription

Syllabus Topics for Oracle 1Z0-1060-20 Exam Topic Name Transaction type life cycle

Modeling considerations

Register Source System and PaaS (ICS) integration

Configure accounting rules and edits on ledger and chart of accounts

Reporting and Audit

Diagnostics

Security

Accounting, reporting, audit, and reconciliation requirements

Syllabus Topics for Oracle 1Z0-1060-20 Exam Topic Name Accounting rule configuration

Update Registered Source System

Transaction data and automation with web service

Adjust Journal Entries

Functional Setup Manager

Oracle 1Z0-1060-20 Exam Questions

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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?

Option 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.

ANSWER d) Use a custom formula in a supporting reference to derive amounts.

02. 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?

Option

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.

ANSWER 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.

03. 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?

Option

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.

ANSWER a) Use either Account Monitor or Account Inspector to get required Information.

04. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

Option a) Conversion type and conversion date

b) Conversion type, conversion date and conversion rate c) Conversion date and conversion rate d) Conversion type

ANSWER c) Conversion date and conversion rate

05. 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?

Option

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.

ANSWER b) Set the "SLA: Diagnostics Enabled" profile option.

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