- Exam Code: 1Z0-1060-21
- Exam Name: Oracle Accounting Hub Cloud 2021 Implementation Essentials
- Updated: Jul 13, 2026
- Q & A: 62 Questions and Answers
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1. Which two actions can you accomplish for a registered source system?
A) Add new event classes through the user interface.
B) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
C) Modify the subledger application name as long as thereare no pending accounting entries.
D) Revise source Information through the user interface and add more sources.
2. '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 of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
B) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
C) "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
D) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
3. 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 appears correct.
B) It is not balanced by entered amounts.
C) It is notbalanced by balancing segment.
D) It is not balanced by entered currency.
4. Which four options are used to reconcile subledger journal entries?
A) Run the Subledger Accounting Method Setups report.
B) Assign a descriptive text and source on journal lines.
C) Set up reconciliation using the reconciliation reference accounting attribute.
D) Run the Subledger Accounting Diagnostics report.
E) Tag supporting references with journal entry lines.
F) Build a custom OTBIreport.
5. What is a user job role data context assignment?
A) Security data access context assignment to a user job role
B) Security data role context assignment to auser job role
C) Security privileges assignment to a user job role
D) Duty role context assignment to a user
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B,C,E,F | Question # 5 Answer: A |
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