Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Updated: Oct 24, 2026
No. of Questions: 62 Questions & Answers with Testing Engine
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Accuracy is a daily job, not a launch-day claim. Our IT staff reviews and updates the 1Z0-1060-20 exam question bank every day, keeping the Oracle Accounting Hub Cloud 2020 Implementation Essentials content aligned with the live exam — and every answer in the ActualVCE bank is expert-verified.
Oracle 1Z0-1060-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1060-20 |
| Passing Score: | 65% |
| Related Certifications: | Oracle Cloud ERP Certifications Oracle Financials Cloud Certification |
| Exam Duration: | 90 minutes |
| Exam Price: | $245 USD |
| Exam Format: | Multiple Choice, Multiple Response |
| Real Exam Qty: | 55-60 |
| Available Languages: | English |
| Certificate Validity Period: | 18 months |
| Recommended Training: | Oracle University Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or test center |
| Pre Condition: | Recommended: experience with Oracle Financials Cloud and basic accounting principles |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Implementation and Administration | - Deployment and maintenance
|
| Reporting and Reconciliation | - Financial reporting outputs
|
| Data Integration and Processing | - Transaction processing
|
| Configuration and Setup | - Initial setup tasks
|
| Accounting Rules and Mapping | - Accounting rule definition
|
| Accounting Hub Cloud Overview | - Architecture and key components
|
The Oracle Accounting Hub Cloud 2020 Implementation Essentials Exam: What to Know First
Currency is maintained daily, not occasionally. Our IT staff reviews and updates the Oracle Accounting Hub Cloud 2020 Implementation Essentials question bank every day to keep it aligned with the live 1Z0-1060-20 exam. If a revision is underway when you buy or during your update period, we notify you and send the updated version as soon as it is ready — free within your 365 days of updates. You will never be left studying a stale edition without knowing it.
The 1Z0-1060-20 exam is the official assessment behind the Oracle Accounting Hub Cloud 2020 Implementation Essentials certification from Oracle, and its pass rate is genuinely low — many candidates need two or three attempts to get through. The difficulty is real, but it is also manageable: candidates who prepare with material aligned to the published objectives give themselves a far better starting position than those who walk in underprepared.
Registration for the 1Z0-1060-20 exam runs through these official channels:
Given how commonly this exam takes more than one attempt, schedule your sitting only when your practice results say you are ready.
The official outline divides the 1Z0-1060-20 exam into weighted domains, including:
- Accounting Rules and Mapping ()
- Accounting Hub Cloud Overview ()
- Data Integration and Processing ()
The Oracle Accounting Hub Cloud 2020 Implementation Essentials question bank at ActualVCE is updated daily against these same objectives, and the free practice test lets you sample that alignment yourself.
Oracle recommends these training resources for candidates:
Official training builds the foundation; a daily-reviewed practice bank with expert-verified answers builds the exam-day readiness. Use both.
Only while you want us to. Update notifications about the Oracle Accounting Hub Cloud 2020 Implementation Essentials materials are sent because they are useful; once you have passed the 1Z0-1060-20 exam, one email to our team opts you out completely — no junk mail, ever. Your personal information is kept secret and safe throughout, and never shared with third parties.
Passing the 1Z0-1060-20 exam requires 65%, and registration costs $245 USD — per attempt. With retakes so common on this exam, preparing properly for one focused attempt is the choice that protects your budget.
The 1Z0-1060-20 exam contains 55-60 questions with 90 minutes minutes to complete them. Practicing under the same time limit is the reliable way to make exam-day pacing feel familiar rather than frantic.
Recommended: experience with Oracle Financials Cloud and basic accounting principles
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
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.
How can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?
- A. Create an adjustment journal entry.
- B. Set up a transaction line reversal.
- C. Set up multiperiod accounting journal lines.
- D. Set up automatic Journal line reversal.
Correct Answer: C 🗳️
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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
- A. Assign it to a transaction type.
- B. Assign it to an account rule.
- C. Assign it to an accounting attribute.
- D. Assign it to an accounting method.
Correct Answer: B 🗳️
What attribute of a subledger journal entry is NOT transferred to GL?
- A. Accounted amounts
- B. Accounting lines
- C. Accounting class
- D. Supporting references
Correct Answer: D 🗳️
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
- A. Summarize by GL Date
- B. Group by GL Date
- C. Summarize by GL Period
- D. Transfer in Details
Correct Answer: B 🗳️
Given the business requirement in the 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 are the key transaction types mentioned in the use case?
- A. Pay Insurance and Control Truck Services
- B. Purchase Trucks and Deploy Trucks
- C. Initiate Truck Rentals Contract and Pay Truck Maintenance
- D. Purchase Trucks and Pay Out Trucks
Correct Answer: C 🗳️
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