Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Updated: Sep 12, 2026
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Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounting Hub Data Processing | - Import and validation of transactions - Event model and processing flow |
| Accounting Hub Cloud Overview | - Concepts and architecture of Accounting Hub Cloud - Key business benefits and use cases |
| Source Systems Integration | - Data ingestion and transformation - Integrating external source systems |
| Subledger Accounting and Rules | - Accounting rules definition - Mapping sets and conditions - Journal generation process |
| Reporting and Reconciliation | - Financial reporting outputs - Reconciliation processes |
| Setup and Configuration | - Implementation setup tasks - Configuration of accounting methods - Security and role configuration |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?
- A. Transaction objects
- B. Mapping sets
- C. Event entities
- D. Source objects
Correct Answer: A 🗳️
'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual 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 premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
- A. Recurring Journal class
- B. Accounting class
- C. Recognition Journal class
- D. Multiperiod class
Correct Answer: D 🗳️
Given the subledger journal entry:
Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?
- A. It appears correct.
- B. It is not balanced by entered amounts.
- C. It is not balanced by entered currency.
- D. It is notbalanced by balancing segment.
Correct Answer: D 🗳️
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. Use either Account Monitor or Account Inspector to getrequired Information.
- B. Build a Financial Reporting Studio report that includes all dimensions.
- C. Create a Smart View report using the query designer feature.
- D. Build an OTBI analysis that includes a relevant subject area.
Correct Answer: D 🗳️
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- A. Accounting HubIntegration Duty Role
- B. Accounting Hub Import Duty Role
- C. Accounting Hub Create Accounting Duty Role
- D. Accounting Hub Create and Post Journal Entry Duty Role
Correct Answer: A 🗳️
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