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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting and Period Close | - Reporting and period close processes |
| Adjust Journal Entries | - Manage and adjust journal entries |
| Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
| Modeling Considerations | - Analyze modeling considerations |
| Functional Setup and Security | - Configure security roles and access - Use Functional Setup Manager |
| Source System and Integration | - Register source systems and integration options - Update registered source systems |
| Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Transaction Data and Automation | - Understand transaction data and automation with web services |
| Transaction Lifecycle | - Analyze transaction type life cycle |
| Accounting Rule Configuration | - Configure and analyze accounting rules |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
What is a user job role data context assignment?
- A. Security data role context assignment to auser job role
- B. Security data access context assignment to a user job role
- C. Duty role context assignment to a user
- D. Security privileges assignment to a user job role
Correct Answer: B 🗳️
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. Use Supporting References to capture customer classification information.
- B. Use the Open Account Balances Listing report that has balances by customer.
- C. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
- D. Use the Third Party Control Account feature.
Correct Answer: A 🗳️
'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual 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 premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Deferral and Recognition
- B. Offsets and Recognition
- C. Multiperiod and Recognition
- D. Reversal and Recognition
Correct Answer: A 🗳️
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a new data warehouse solution.
- B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- C. Run predefined reports and filter the report with the available report parameters.
- D. Request support team to download subledger Journal entry data.
Correct Answer: B 🗳️
After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?
- A. an Oracle Financial Reporting Studio report
- B. an Oracle Transactional Business Intelligence analysis
- C. a Smart View Report
- D. a predefined Oracle Business Intelligence Publisher report
Correct Answer: B 🗳️
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