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1Z0-1060-21 Certification DetailExam Code 1Z0-1060-21

Full Exam Name Oracle Accounting Hub Cloud 2021 Implementation Essentials

Number of

Questions

55

Practice Exams 1Z0-1060-21 Online Practice Exam

Passing Score 64%

Time Limit 90 minutes

Recommended

Training

Oracle Accounting Hub Cloud 2021 Certified Implementation

Specialist

Oracle Financials Cloud Learning Subscription

Syllabus Topics for Oracle 1Z0-1060-21 ExamTopic Name

Transaction type life cycle Accounting, reporting, audit, and reconciliation

requirements

Modeling considerations Analyze Accounting Rule Configuration

Register Source System and PaaS (ICS)

integration

Update Registered Source System

Configure Accounting Rules Transaction data and automation with web

service

Syllabus Topics for Oracle 1Z0-1060-21 Exam

Topic Name

Reporting and Period Close Adjust Journal Entries

Diagnostics Functional Setup Manager

Security

Oracle 1Z0-1060-21Exam Questions

?

01. 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

c) Build an OTBI analysis that includes a relevant subject area.

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.

ANSWERa) 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. Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

Option

a) Specify Ledger Options

b) Manage Accounting Attribute Assignments

c) Manage Reporting Currencies

d) Manage Subledger Accounting Options

ANSWER

c) Manage Reporting Currencies

04. 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.

05. 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

b) Conversion type, conversion date and conversion rate

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