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Updated: Sep 11, 2026
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Oracle 1Z0-1060-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1060-20 |
| Real Exam Qty: | 55-60 |
| Available Languages: | English |
| Certificate Validity Period: | 18 months |
| Exam Format: | Multiple Choice, Multiple Response |
| Passing Score: | 65% |
| Related Certifications: | Oracle Cloud ERP Certifications Oracle Financials Cloud Certification |
| Exam Price: | $245 USD |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle University Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | Oracle 1Z0-1060-20 Sample Questions |
| Exam Way: | Online proctored or test center |
| Pre Condition: | Recommended: experience with Oracle Financials Cloud and basic accounting principles |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Configuration and Setup | - Initial setup tasks
|
| Data Integration and Processing | - Transaction processing
|
| Reporting and Reconciliation | - Financial reporting outputs
|
| Implementation and Administration | - Deployment and maintenance
|
| Accounting Rules and Mapping | - Accounting rule definition
|
| Accounting Hub Cloud Overview | - Architecture and key components
|
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
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.
What wil the typical transaction information be at the header level?
- A. Customer Number
- B. Amount
- C. Currency
- D. Line Type
Correct Answer: A 🗳️
In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?
- A. Use a custom formula in a description rule to derive amounts.
- B. Use a custom formula in a journal line rule to derive amounts.
- C. Use a custom formula in an account rule to derive amounts.
- D. Use a custom formula in a supporting reference to derive amounts.
Correct Answer: B 🗳️
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Manage Reporting Currencies
- B. Manage Subledger Accounting Options
- C. Specify Ledger Options
- D. Manage Accounting Attribute Assignments
Correct Answer: A 🗳️
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 Create Accounting Duty Role
- C. Accounting Hub Integration Duty Role
- D. Accounting Hub Import Duty Role
Correct Answer: C 🗳️
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Virtual Web Center Services
- B. ERP Integration Service
- C. Oracle Web Center Content Client Command line tool
- D. Oracle UCM Web Services
Correct Answer: A 🗳️
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