Oracle 1Z1-1060 : Oracle Accounting Hub Cloud 2019 Implementation Essentials

  • Exam Code: 1Z1-1060
  • Exam Name: Oracle Accounting Hub Cloud 2019 Implementation Essentials
  • Updated: Oct 16, 2026
  • Q & A: 60 Questions and Answers

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Oracle 1Z1-1060 Exam Syllabus Topics:

SectionObjectives
Topic 1: Configuration and Setup- Application setup
  • 1. Accounting rules framework setup
    • 2. Ledger and chart of accounts configuration
      Topic 2: Subledger Accounting and Rules- Accounting rule definitions
      • 1. Journal entry rules and mappings
        • 2. Conditions and sources for accounting rules
          Topic 3: Data Integration and Processing- Source system integration
          • 1. Import and transformation of source data
            • 2. Accounting Hub data flows
              Topic 4: Security and Administration- User roles and access control
              • 1. Data access and permissions
                • 2. Security model configuration
                  Topic 5: Accounting Hub Cloud Overview- Core concepts and architecture
                  • 1. Accounting Hub Cloud purpose and use cases
                    • 2. Integration with Oracle ERP Cloud
                      Topic 6: Reporting and Reconciliation- Financial reporting
                      • 1. Audit and traceability of accounting entries
                        • 2. Account analysis and reconciliation processes

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                          The Oracle Accounting Hub Cloud 2019 Implementation Essentials blueprint centers on these domains:

                          • Accounting Hub Cloud Overview
                          • Security and Administration
                          • Subledger Accounting and Rules

                          The full official outline lists further domains, and our bank covers them all.

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                          Oracle publishes the following prerequisites for the Oracle Accounting Hub Cloud 2019 Implementation Essentials: Recommended knowledge of Oracle Financials Cloud and basic accounting principles..

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                          Oracle Accounting Hub Cloud 2019 Implementation Essentials Sample Questions:

                          Question #1

                          What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

                          • A. transfer Balances to FAH Reporting Cloud Service
                          • B. upload transaction data into FAH Reporting Cloud Service
                          • C. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
                          • D. provide real-time visibility to financial reports in FAH Reporting Cloud Service
                          Reveal Solution  Discussion  0

                          Correct Answer: A  🗳️

                          Question #2

                          You have been assigned to troubleshoot a Create Accounting error.
                          What is the first step you need to take to use the diagnostics framework features?

                          • A. Run Create Accounting again to generate journal entries for the events that ended in error.
                          • B. Set the "SLA: Diagnostics Enabled" profile option.
                          • C. Submit the Accounting Event Diagnostics process.
                          • D. Run the Accounting Events Diagnostic Report.
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Question #3

                          What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

                          • A. Transaction objects
                          • B. Event entities
                          • C. Mapping sets
                          • D. Source objects
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Question #4

                          Which two options allow validating input values on mapping sets?

                          • A. Value sets
                          • B. Lookup types
                          • C. Chart of accounts segment
                          • D. Segment values
                          Reveal Solution  Discussion  0

                          Correct Answer: D  🗳️

                          Question #5

                          Given the business use case:
                          'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority 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.
                          What would the typical line information be?

                          • A. Truck Type
                          • B. Customer Number
                          • C. Company
                          • D. Transaction Date
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

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