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Updated: Sep 15, 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 |
| Exam Duration: | 105 minutes |
| Exam Format: | Multiple Choice, Multiple Response |
| Related Certifications: | Oracle Financials Cloud Oracle Fusion Cloud Accounting Hub |
| Available Languages: | Japanese, English |
| Exam Price: | USD 245 |
| Passing Score: | 63% |
| Certificate Validity Period: | 18 months |
| Real Exam Qty: | 55-62 |
| Recommended Training: | Oracle Accounting Hub Cloud Implementation Training |
| Exam Registration: | Pearson VUE Oracle University |
| Sample Questions: | Oracle 1Z0-1060-20 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience recommended |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Implementation and Security | 10% | - Troubleshooting and best practices - Implementation lifecycle - Role-based access control |
| Transaction Processing | 15% | - Transfer to General Ledger - Transaction validation and error handling - Create Accounting process |
| Accounting Hub Overview | 10% | - Subledger Accounting (SLA) overview - Architecture and core concepts - Business benefits and use cases |
| Reporting and Inquiry | 15% | - Journal inquiry and drill-down - Accounting Hub reports and dashboards - Reconciliation and diagnostics |
| Source System Integration | 20% | - Define transaction objects and attributes - File-based data import and mapping - Register source systems |
| Accounting Rules Configuration | 30% | - Description and journal line rules - Supporting references and accounting methods - Account rules and mapping sets - Event model and event classes/types |
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
Given the business requirement in the 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 are the key transaction types mentioned in the use case?
- A. Purchase Trucks and Deploy Trucks
- B. Initiate Truck Rentals Contract and Pay Truck Maintenance
- C. Pay Insurance and Control Truck Services
- D. Purchase Trucks and Pay Out Trucks
Correct Answer: B 🗳️
Which four options are used to reconcile subledger journal entries?
- A. Assign a descriptive text and source on journal lines.
- B. Run the Subledger Accounting Diagnostics report.
- C. Build a custom OTBI report.
- D. Run the Subledger Accounting Method Setups report.
- E. Tag supporting references with journal entry lines.
- F. Set up reconciliation using the reconciliation reference accounting attribute.
Correct Answer: A,C,E,F 🗳️
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
- A. provide real-time visibility to financial reports in FAH Reporting Cloud Service
- B. upload transaction data into FAH Reporting Cloud Service
- C. transfer Balances to FAH Reporting Cloud Service
- D. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
Correct Answer: D 🗳️
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. Amount
- B. Customer Number
- C. Currency
- D. Line Type
Correct Answer: B 🗳️
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.
How do you set up an account rule that is based on leased and owned trucks?
- A. Set up a value set rule.
- B. Set up a lookup value.
- C. Set up an account source in the source system file and derive the value.
- D. Set up a mapping set rule.
Correct Answer: D 🗳️
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