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Instant Download Oracle : 1Z0-1060-20 Questions & Answers as PDF & Test Engine
- Exam Code: 1Z0-1060-20
- Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
- Updated: Nov 01, 2026
- No. of Questions: 62 Questions and Answers
- Download Limit: Unlimited
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Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Source System Integration | 20% | - Transaction Data Integration
|
| Transaction Processing | 15% | - Accounting Processing
|
| Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Implementation and Security | 10% | - Administration and Security
|
| Reporting and Inquiry | 15% | - Reporting Capabilities
|
| Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
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The Oracle Accounting Hub Cloud 2020 Implementation Essentials syllabus spans 6 domains, headlined by Reporting and Inquiry (15%), Source System Integration (20%), and Transaction Processing (15%). The full weighted outline is in the syllabus section above — our materials strictly follow it, and so should your study plan.
The 1Z0-1060-20 exam — formally the Oracle Accounting Hub Cloud 2020 Implementation Essentials — is Oracle's certification exam for validating professional skills with its technologies; passing it earns the Oracle Financials Cloud certification, a Professional-level credential. It is popular among job seekers for a simple reason: employers trust vendor-issued proof of skill. It also opens the path toward Oracle Accounting Hub Cloud 2020 Certified Implementation Specialist.
The 1Z0-1060-20 exam gives you 55 questions to complete within 120 minutes. That pacing is tighter than it looks on paper, and untimed practice will not reveal it. Rehearse with the Lead2Passed Windows software or online engine in timed mode — repeating full-length mocks until your rhythm holds is what turns preparation time into passing margin.
Passing requires 68%, and official registration costs USD $245. Remember the fee buys one attempt only — a retake is billed in full again. The budget-friendly approach is to measure yourself first: work through 62 practice questions at Lead2Passed under timed conditions until you clear the passing mark consistently, and only then pay for the seat.
No mandatory prerequisite exam. Oracle recommends experience with Oracle Financials Cloud, Subledger Accounting, and accounting/business process implementation projects.
Vendor policies change from time to time, so before scheduling, confirm the current criteria on the official Oracle exam page.
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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
'Insurances for Homes' company provide home insurance service. 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.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.
- A. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
- B. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1) - C. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- D. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
Correct Answer: C 🗳️
How do you enable diagnostics on subledger transaction sources?
- A. enable diagnostic source
- B. enable diagnostic profile
- C. enable transaction debug
- D. enable diagnostic attribute
Correct Answer: B 🗳️
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
- A. The rule is built using a line level source.
- B. The source does not return any value; therefore the rule is not displayed.
- C. The rule is built using a custom source.
- D. The rule is built using a value set source.
Correct Answer: A 🗳️
A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?
- A. There is no required action. The mapping addition is complete.
- B. Download a new transaction data template.
- C. Activate the accounting method.
- D. Activate the journal entry rule set.
Correct Answer: A 🗳️
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System
- B. Source System, Transaction Information, and Line Information
- C. Source System and Transaction Information
- D. Source System and Line Information
Correct Answer: B 🗳️
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