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 |
|---|---|
| Setup and Configuration | - Implementation setup tasks - Configuration of accounting methods - Security and role configuration |
| Source Systems Integration | - Data ingestion and transformation - Integrating external source systems |
| Accounting Hub Cloud Overview | - Key business benefits and use cases - Concepts and architecture of Accounting Hub Cloud |
| Reporting and Reconciliation | - Reconciliation processes - Financial reporting outputs |
| Subledger Accounting and Rules | - Mapping sets and conditions - Journal generation process - Accounting rules definition |
| Accounting Hub Data Processing | - Import and validation of transactions - Event model and processing flow |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
Given the business requirement in the 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 sourcecode 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 are the key transaction types mentioned in the use case?
- A. Initiate Truck Rentals Contract and Pay Truck Maintenance
- B. Purchase Trucks and Pay Out Trucks
- C. Purchase Trucks and Deploy Trucks
- D. Pay Insurance and Control Truck Services
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. Create a Smart View report using the query designer feature.
- B. Use either Account Monitor or Account Inspector to getrequired Information.
- C. Build an OTBI analysis that includes a relevant subject area.
- D. Build a Financial Reporting Studio report that includes all dimensions.
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?
- A. Transfer in Details
- B. Summarize by GL Date
- C. Group by GL Date
- D. Summarize by GL Period
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 Supporting References to capture customer classification information.
- C. Use the Open Account Balances Listing report that has balances by customer.
- D. Use the Third Party Control Account feature.
Which transaction source is used to link transaction header and line information?
- A. Transaction Type
- B. Transaction Number
- C. Transaction Key
- D. Transaction Date
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