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

"Oracle Accounting Hub Cloud 2021 Implementation Essentials", also known as 1Z0-1060-21 exam, is a Oracle Certification. With the complete collection of questions and answers, BraindumpsPass has assembled to take you through 62 Q&As to your 1Z0-1060-21 Exam preparation. In the 1Z0-1060-21 exam resources, you will cover every field and category in Oracle Financials Cloud Certification helping to ready you for your successful Oracle Certification.

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  • Exam Code: 1Z0-1060-21
  • Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Financials Cloud
  • Updated: Sep 01, 2025
  • No. of Questions: 62 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?

A) Two
B) Three
C) One
D) Unlimited


2. What attribute of a subledger journal entry is NOT transferred to GL?

A) Accounting lines
B) Supporting references
C) Accounted amounts
D) Accounting class


3. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) DD-MON-YYYY
B) YYYY-MM-DD
C) The user can customize the date format
D) MM-DD-YYYY


4. '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" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
B) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
C) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
D) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")


5. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A) an Oracle Financial Reporting Studio report
B) a Smart View Report
C) an Oracle Transactional Business Intelligence analysis
D) a predefined Oracle Business Intelligence Publisher report


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: C

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