Free Oracle 1Z0-1060-21 Practice Test & Real Exam Questions

Exam Code/Number: 1Z0-1060-21
Exam Name/Title: Oracle Accounting Hub Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 62
Updated On: Aug 12, 2026

Question #1

You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A. Account Combination

B. Source

C. Existing Account Rule

D. Value Set

E. Mapping Set

F. Constant

Discussion 0

Correct Answer: B,C,E,F Vote an answer

Question #2

Which transaction source is used to link transaction header and line information?

A. Transaction Type

B. Transaction Number

C. Transaction Key

D. Transaction Date

Discussion 0

Correct Answer: B Vote an answer

Question #3

A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?

A. Run predefined reports and filter the report with the available report parameters.

B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.

C. Build a new data warehouse solution.

D. Request support team to download subledger Journal entry data.

Discussion 0

Correct Answer: B Vote an answer

Question #4

What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service

B. upload transaction data into FAH Reporting Cloud Service

C. provide real-time visibility to financial reports inFAH Reporting Cloud Service

D. transfer Balances to FAH Reporting Cloud Service

Discussion 0

Correct Answer: A Vote an answer

Question #5

Which four options are used to reconcile subledger journal entries?

A. Run the Subledger Accounting Diagnostics report.

B. Build a custom OTBIreport.

C. Run the Subledger Accounting Method Setups report.

D. Set up reconciliation using the reconciliation reference accounting attribute.

E. Tag supporting references with journal entry lines.

F. Assign a descriptive text and source on journal lines.

Discussion 0

Correct Answer: B,D,E,F Vote an answer

Question #6

'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 forslicing 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 twodates.

A. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)

B. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")

C. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)

D. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")

Discussion 0

Correct Answer: D Vote an answer

Question #7

To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A. Conversion type, conversion date and conversion rate

B. Conversion date and conversion rate

C. Conversiontype and conversion date

D. Conversion type

Discussion 0

Correct Answer: B Vote an answer

Download Free Oracle 1Z0-1060-21 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1Z0-1060-21 exam.