Oracle Accounting Hub Cloud 2021 Implementation Essentials: 1Z0-1060-21 Exam

"Oracle Accounting Hub Cloud 2021 Implementation Essentials", also known as 1Z0-1060-21 exam, is a Oracle Certification. With the complete collection of questions and answers, UpdateDumps has assembled to take you through 62 Q&As to your 1Z0-1060-21 Exam preparation. In the 1Z0-1060-21 exam resources, you will cover every field and category in Oracle Financials Cloud Certification helping to ready you for your successful Oracle Certification.

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  • Updated on: Jul 05, 2026
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  • Updated on: Jul 05, 2026
  • No. of Questions: 62 Questions & Answers

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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A) Register it as a new source system.
B) Add this as a new transaction type into existing registered subledger from the user interface.
C) Change the transaction data file.
D) Add this as a new transaction typo into existing subledger registration spreadsheet template.


2. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A) Assign it to a transaction type.
B) Assign it to an accounting method.
C) Assign it to an account rule.
D) Assign it to an accounting attribute.


3. After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

A) Tell them thiscannot be implemented.
B) Register another source system that includes these new transaction sources.
C) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
D) Add new transaction sources from the user interface.


4. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Journal Entry Sequence
B) Accounting Sequence
C) Reporting Sequence
D) Document Sequence


5. What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

A) Use a web service tool.
B) Use Oracle OTBI tool.
C) Use Oracle ERP Integration tool.
D) Use PaaS tools, for example, ICS - to perform ETL tasks.


Solutions:

Question # 1
Answer: A,B
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: D

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