Oracle : 1Z0-1060-20 Questions & Answers

Updated: May 27, 2026

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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

A) Oracle Web Center Content Client Command line tool
B) Oracle Virtual Web Center Services
C) Oracle UCM Web Services
D) ERP Integration Service


2. 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) Source objects
B) Mapping sets
C) Event entities
D) Transaction objects


3. 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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

A) Two primary ledgers
B) One primary ledger
C) One primary, one repotting currency ledger
D) One primary, one secondary ledger


4. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

A) Accounting Hub Create and Post Journal Entry Duty Role
B) Accounting Hub Integration Duty Role
C) Accounting Hub Create Accounting Duty Role
D) Accounting Hub Import Duty Role


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

A) Value Set
B) Existing Account Rule
C) Mapping Set
D) Account Combination
E) Constant
F) Source


Solutions:

Question # 1
Answer: B
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: B,C,E,F

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