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Oracle 1Z0-1060-21 Q&A - in .pdf
- Exam Code: 1Z0-1060-21
- Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
- Updated: Sep 13, 2026
- Q & A: 62 Questions and Answers
- Convenient, easy to study.
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- Updated: Sep 13, 2026
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Oracle 1Z0-1060-21 Q&A - Testing Engine
- Exam Code: 1Z0-1060-21
- Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
- Updated: Sep 13, 2026
- Q & A: 62 Questions and Answers
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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
| Functional Setup and Security | - Use Functional Setup Manager - Configure security roles and access |
| Adjust Journal Entries | - Manage and adjust journal entries |
| Reporting and Period Close | - Reporting and period close processes |
| Transaction Data and Automation | - Understand transaction data and automation with web services |
| Modeling Considerations | - Analyze modeling considerations |
| Transaction Lifecycle | - Analyze transaction type life cycle |
| Accounting Rule Configuration | - Configure and analyze accounting rules |
| Source System and Integration | - Register source systems and integration options - Update registered source systems |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
Question #1
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. a predefined Oracle Business Intelligence Publisher report
- B. a Smart View Report
- C. an Oracle Transactional Business Intelligence analysis
- D. an Oracle Financial Reporting Studio report
Correct Answer: C 🗳️
Question #2
You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?
- A. The account override feature provides an audit trail by preserving the original subledger journal entry.
- B. The account override feature adjusts the original source transaction.
- C. The account override feature allows users to record a reason for the adjustment.
- D. The account override feature is only intended to correct subledger journals that have been posted.
Correct Answer: A,C 🗳️
Question #3
Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?
- A. Manage Accounting Attribute Assignments
- B. Specify Ledger Options
- C. Manage Subledger Accounting Options
- D. Manage Reporting Currencies
Correct Answer: D 🗳️
Question #4
'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. Multiperiod and Recognition
- B. Reversal and Recognition
- C. Deferral and Recognition
- D. Offsets and Recognition
Correct Answer: C 🗳️
Question #5
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?
- A. You do not need to do anything additional.
- B. Assign an accounting attribute.
- C. Assign a custom formula.
- D. Assign a line classification or line type attribute.
Correct Answer: D 🗳️
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