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Exam Code: 1Z0-1060-21
Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
Updated: Jul 22, 2026
Q & A: 62 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Configure Accounting Rules | 20% | |
| Topic 2: Register and Update Source Systems | 15% | |
| Topic 3: Analyze Accounting, Reporting, Audit and Reconciliation Requirements | 20% | |
| Topic 4: Upload Transaction Data and Adjust Journal Entries | 10% | |
| Topic 5: Modeling Considerations | 10% | |
| Topic 6: Analyze Transaction Type Life Cycle | 15% | |
| Topic 7: Reporting, Auditing and Diagnostics | 10% |
1. 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 predefined Oracle Business Intelligence Publisher report
C) an Oracle Transactional Business Intelligence analysis
D) a Smart View Report
2. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?
A) Buffer Unit Size
B) Accounting Unit Commit Size
C) Processing Unit Size
D) Virtual Machine Processing Size
3. 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) Event entities
C) Mapping sets
D) Source objects
4. 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 is notbalanced by balancing segment.
B) It is not balanced by entered amounts.
C) It is not balanced by entered currency.
D) It appears correct.
5. 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) transfer Balances to FAH Reporting Cloud Service
D) provide real-time visibility to financial reports inFAH Reporting Cloud Service
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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