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Oracle 1z0-1060-22 Exam Syllabus Topics:

Topic 1
  • Upload transaction data, correct when there are errors, and perform automation with web service
  • Accounting, reporting, audit, and reconciliation requirements
Topic 2
  • Analyze Accounting, Reporting Audit, and Reconciliation Requirements for Transaction Types
  • Describe the Security Console
Topic 3
  • Manage Transaction Information and Line Information Worksheets and Transaction Objects
  • Manage Journal Entry Rule Sets
Topic 4
  • Update Registered Source System: accounting attribute assignments, sources, event types
  • Peform Subledger Accounting Diagnostics
Topic 5
  • Analyze configuration requirements related to Legal Entities, Financial Reporting Structures and Ledgers
  • Transaction type life cycle
Topic 6
  • Transaction data and automation with web service
  • Register Source System and PaaS (ICS) integration
Topic 7
  • Explain Functional Setup Manager Offerings, Functional Area and Features, Manage Setup Data, and Export and Import Setup Data
Topic 8
  • Explain Users and Role Based Access Control
  • Manage Reporting with BI Publisher
  • Update Registered Source System
Topic 9
  • Common Application Configuraitons for Accounting Hub
  • Manage Reporting with Financial Reporting Web Studio

Oracle Accounting Hub Cloud 2022 Implementation Professional Sample Questions (Q35-Q40):

'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

Answer: C

A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

  • A. Build an OTBI analysis that includes a relevant subject area.
  • B. Use either Account Monitor or Account Inspector to get required Information.
  • C. Build a Financial Reporting Studio report that includes all dimensions.
  • D. Create a Smart View report using the query designer feature.

Answer: A

Which role combines the functional privilege for an individual task or duty with the relevant data security policies?

  • A. Abstract Roles
  • B. Duty Role
  • C. Data Role
  • D. Aggregate Privilege

Answer: D

Which two statements are true about the Accounting Hub Cloud?

  • A. Integration of information into the Accounting Hub Cloud is restricted to a maximum of three source systems
  • B. It brings together disparate accounting systems into a centrally-accessible source of truth
  • C. It has a robust Accounting Engine which allows you to configure accounting rules
  • D. It does not allow publishing output files to PeopleSoft General Ledgers

Answer: B,C

What three are the required elements of an accounting method?

  • A. Description rules.
  • B. Account rules.
  • C. Supporting reference.
  • D. Journal line rules.
  • E. Journal entry rule sets.

Answer: B,D,E


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