Exam Name: Oracle Accounting Hub Cloud 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Check Updated on: Oct 11, 2026
No. of Questions: 60 Questions & Answers with Exam Engine
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Oracle 1Z1-1060 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2019 Implementation Essentials |
| Exam Number: | 1Z0-1060 |
| Certificate Validity Period: | As determined by Oracle (typically 3 years before retirement) |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle Accounting Hub Cloud Certified Implementation Specialist Oracle Financials Cloud: Receivables 2019 Implementation Essentials Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Exam Price: | USD price varies by region (typically around $245) |
| Passing Score: | Not publicly disclosed |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Onsite or online through Oracle's test delivery partners |
| Pre Condition: | None officially specified; recommended understanding of Oracle Financials Cloud or Accounting Hub Cloud |
| Official Syllabus URL: | https://education.oracle.com/oracle-accounting-hub-cloud-2019-implementation-essentials/pexam_1Z0-1060 |
Oracle 1Z1-1060 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Configuration and Setup | - Source system registration and setup - Accounting rule configuration - Security and access control |
| Accounting Processes | - Accounting transformation and journal generation - Diagnostics and reconciliation - Supporting references and account derivation |
| Core Concepts and Features | - Accounting Hub Cloud architecture and integration - Transaction types and event classes |
| Reporting and Audit | - Reporting using OTBI and BI Publisher - Audit and compliance considerations |
1Z1-1060 Exam Basics, Support Speed and Discount Programs
- Accounting Processes ()
- Reporting and Audit ()
- Configuration and Setup ()
Oracle Accounting Hub Cloud 2019 Implementation Essentials Sample Questions:
'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 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.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.
- A. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- B. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1) - C. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
- D. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
Correct Answer: A 🗳️
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
- A. Accounting Hub Integration Duty Role
- B. Accounting Hub Import Duty Role
- C. Accounting Hub Create and Post Journal Entry Duty Role
- D. Accounting Hub Create Accounting Duty Role
Correct Answer: A 🗳️
You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?
- A. The account override feature adjusts the original source transaction.
- B. The account override feature is only intended to correct subledger journals that have been posted.
- C. The account override feature allows users to record a reason for the adjustment.
- D. The account override feature provides an audit trail by preserving the original subledger journal entry.
Correct Answer: C 🗳️
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. Event entities
- B. Mapping sets
- C. Transaction objects
- D. Source objects
Correct Answer: A 🗳️
Which four options are used to reconcile subledger journal entries?
- A. Tag supporting references with journal entry lines.
- B. Run the Subledger Accounting Diagnostics report.
- C. Set up reconciliation using the reconciliation reference accounting attribute.
- D. Assign a descriptive text and source on journal lines.
- E. Run the Subledger Accounting Method Setups report.
- F. Build a custom OTBI report.
Correct Answer: A,B,E,F 🗳️
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