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

  • Exam Code: 1Z0-1060-21
  • Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
  • Updated: Sep 16, 2026
  • Q & A: 62 Questions and Answers

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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionObjectives
Setup and Configuration- Security and role configuration
- Implementation setup tasks
- Configuration of accounting methods
Accounting Hub Data Processing- Event model and processing flow
- Import and validation of transactions
Source Systems Integration- Integrating external source systems
- Data ingestion and transformation
Subledger Accounting and Rules- Accounting rules definition
- Journal generation process
- Mapping sets and conditions
Accounting Hub Cloud Overview- Key business benefits and use cases
- Concepts and architecture of Accounting Hub Cloud
Reporting and Reconciliation- Financial reporting outputs
- Reconciliation processes

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

Question #1

'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. Multiperiod and Recognition
  • C. Offsets and Recognition
  • D. Reversal and Recognition
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

  • A. ERP Integration Service
  • B. Oracle UCM Web Services
  • C. Oracle Web Center Content Client Command line tool
  • D. Oracle Virtual Web Center Services
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

What is a user job role data context assignment?

  • A. Duty role context assignment to a user
  • B. Security data access context assignment to a user job role
  • C. Security data role context assignment to auser job role
  • D. Security privileges assignment to a user job role
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

  • A. Accounting Hub Import Duty Role
  • B. Accounting Hub Create and Post Journal Entry Duty Role
  • C. Accounting Hub Create Accounting Duty Role
  • D. Accounting HubIntegration Duty Role
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

What is the required date format used to import accounting transactions to Accounting Hub Cloud?

  • A. YYYY-MM-DD
  • B. DD-MON-YYYY
  • C. MM-DD-YYYY
  • D. The user can customize the date format
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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