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

1Z0-1060-21 Exam Questions
  • Exam Code: 1Z0-1060-21
  • Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
  • Updated: Jul 23, 2026
  • Q & A: 62 Questions and Answers
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Oracle 1Z0-1060-21 Exam Syllabus Topics:

SectionWeightObjectives
Analyze Transaction Type Life Cycle15%
Register and Update Source Systems15%
Configure Accounting Rules20%
Analyze Accounting, Reporting, Audit and Reconciliation Requirements20%
Reporting, Auditing and Diagnostics10%
Upload Transaction Data and Adjust Journal Entries10%
Modeling Considerations10%

Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

A) Source System, Transaction Information, and Line Information
B) Source System and Line Information
C) Source System and Transaction Information
D) Source System


2. 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 wil the typical transaction information be at the header level?

A) Customer Number
B) Currency
C) Amount
D) LineType


3. Given the business use case:
'New Trucks' runs a fleetof 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 andrecognized 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 tobe 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) TransactionDate
B) Company
C) Customer Number
D) Truck Type


4. What is NOT included in the minimum required accountingattribute assignments?

A) Second Distribution Identifier
B) First Distribution Identifier
C) Distribution Type
D) Accounting Date


5. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The rule is built using a custom source.
B) The rule is built using a line level source.
C) The source does not return any value; therefore the rule is not displayed.
D) The rule is built using a value set source.


Solutions:

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

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