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Oracle 1Z0-1060-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1060-20 |
| Exam Duration: | 105 minutes |
| Certificate Validity Period: | 18 months |
| Real Exam Qty: | 55-62 |
| Related Certifications: | Oracle Fusion Cloud Accounting Hub Oracle Financials Cloud |
| Passing Score: | 63% |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Price: | USD 245 |
| Available Languages: | English, Japanese |
| Recommended Training: | Oracle Accounting Hub Cloud Implementation Training |
| Exam Registration: | Pearson VUE Oracle University |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience recommended |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Source System Integration | 20% | - Define transaction objects and attributes - File-based data import and mapping - Register source systems |
| Topic 2: Accounting Rules Configuration | 30% | - Account rules and mapping sets - Description and journal line rules - Event model and event classes/types - Supporting references and accounting methods |
| Topic 3: Implementation and Security | 10% | - Implementation lifecycle - Troubleshooting and best practices - Role-based access control |
| Topic 4: Transaction Processing | 15% | - Create Accounting process - Transfer to General Ledger - Transaction validation and error handling |
| Topic 5: Reporting and Inquiry | 15% | - Journal inquiry and drill-down - Accounting Hub reports and dashboards - Reconciliation and diagnostics |
| Topic 6: Accounting Hub Overview | 10% | - Business benefits and use cases - Architecture and core concepts - Subledger Accounting (SLA) overview |
1Z0-1060-20 Exam FAQ: Before You Book Your Seat
Oracle Accounting Hub Cloud 2020 Implementation Essentials is an official Oracle exam, listed under exam code 1Z0-1060-20. A passing result earns you the Oracle Accounting Hub Cloud 2020 Certified Implementation Specialist certification at the Specialist level. It also ties into Oracle Financials Cloud, Oracle Fusion Cloud Accounting Hub, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 55-62 questions inside 105 minutes on the Oracle Accounting Hub Cloud 2020 Implementation Essentials exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Accounting Hub Cloud 2020 Implementation Essentials requires 63%, and the official registration fee is USD 245. Retakes charge the full USD 245 again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
No mandatory prerequisites; hands-on experience recommended
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for Oracle Accounting Hub Cloud 2020 Implementation Essentials goes through the official channels listed here.
When you schedule, note that the exam is delivered Online proctored or onsite at Pearson VUE test centers.
Oracle recommends the following training for Oracle Accounting Hub Cloud 2020 Implementation Essentials candidates.
Follow any course with the 62 practice questions in the ActualPDF 1Z0-1060-20 package; the software engine will even remind you which mistakes need another round.
Yes. ActualPDF provides a free download demo of the Oracle Accounting Hub Cloud 2020 Implementation Essentials material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Accounting Hub Cloud 2020 Implementation Essentials exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, which works 7/24 and normally replies within two hours. Installation is unlimited across your computers.
The Oracle Accounting Hub Cloud 2020 Implementation Essentials syllabus spans 6 domains, led by Reporting and Inquiry (15%), Accounting Hub Overview (10%), and Transaction Processing (15%). The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
Which two can you use to view supporting reference balances?
- A. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
- B. Use the Supporting Reference Balance Inquiry page.
- C. Submit the standard Supporting Reference Balances Report.
- D. Use Business Intelligence Publisher to build a custom report.
Correct Answer: A,B 🗳️
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 Journal line?
- A. You do not need to do anything additional.
- B. Assign a custom formula.
- C. Assign an accounting attribute.
- D. Assign a line classification or line type attribute.
Correct Answer: D 🗳️
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System, Transaction Information, and Line Information
- B. Source System
- C. Source System and Line Information
- D. Source System and Transaction Information
Correct Answer: A 🗳️
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 classification information.
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 the Open Account Balances Listing report that has balances by customer.
- B. Use Supporting References to capture customer classification information.
- 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: B 🗳️
'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.
Insurance premium Is 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. Offsets and Recognition
- B. Deferral and Recognition
- C. Reversal and Recognition
- D. Multiperiod and Recognition
Correct Answer: B 🗳️
