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Oracle 1Z0-1060-20 : Oracle Accounting Hub Cloud 2020 Implementation Essentials
- Exam Code: 1Z0-1060-20
- Exam Name: Oracle Accounting Hub Cloud 2020 Implementation Essentials
- Updated: Oct 27, 2026
- Q & A: 62 Questions and Answers
About Oracle 1Z0-1060-20 Exam
Repeated practice under a real clock is what consolidates knowledge into reflexes. The VCETorrent test engine for the 1Z0-1060-20 exam recreates the genuine testing environment, lets you practice the same question sets repeatedly until they stick, and runs offline — walk into your 2026 Oracle Accounting Hub Cloud 2020 Implementation Essentials already rehearsed.
Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Inquiry | 15% | - Reporting Capabilities
|
| Topic 2: Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
| Topic 3: Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Topic 4: Source System Integration | 20% | - Transaction Data Integration
|
| Topic 5: Implementation and Security | 10% | - Administration and Security
|
| Topic 6: Transaction Processing | 15% | - Accounting Processing
|
Oracle 1Z0-1060-20 Exam — Your Questions, Our Answers
Yes — the free trial exists so customers can fully understand the system before buying. Download the sample 1Z0-1060-20 practice questions at no cost, explore the interface, and check the verified answers yourself. Once you purchase, 365 days of free updates are included, and if the product expires, the update service renews at a 50% discount from your member zone.
The Oracle Accounting Hub Cloud 2020 Implementation Essentials blueprint is organized into 6 domains, led by Accounting Rules and Configuration (30%), Transaction Processing (15%), and Reporting and Inquiry (15%). The complete weighted syllabus appears above on this page — it is the checklist your preparation should be measured against.
You will face 55 questions within 120 minutes on the 1Z0-1060-20 exam. The real exam pressure comes from that ratio — knowledge alone does not finish exams on time. Rehearse with the VCETorrent test engine's timed mode, repeat the same question sets until the answers consolidate, and pacing stops being a risk factor.
No mandatory prerequisite exam. Oracle recommends experience with Oracle Financials Cloud, Subledger Accounting, and accounting/business process implementation projects.
Eligibility rules do get revised, so before booking, verify the current requirements on the official Oracle exam page.
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The 1Z0-1060-20 exam — full title Oracle Accounting Hub Cloud 2020 Implementation Essentials — is Oracle's own certification test, and passing it awards the Oracle Financials Cloud certification at the Professional level. The certificate is valuable precisely because it is demanding: it proves to employers that your skills survived a vendor-built examination. It also serves as a stepping stone toward Oracle Accounting Hub Cloud 2020 Certified Implementation Specialist.
The passing score is 68%, and the official registration fee is USD $245. Note that the fee pays for a single attempt — a retake is charged at full price again, which is the expensive way to discover weak spots. The cheaper discovery method is self-testing: drill 62 practice questions at VCETorrent in timed mode until your scores clear the passing mark with room to spare, then register.
Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
Question #1
A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?
- A. Download a new transaction data template.
- B. Activate the journal entry rule set.
- C. Activate the accounting method.
- D. There is no required action. The mapping addition is complete.
Correct Answer: D 🗳️
Question #2
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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
- A. Enable balancing rules
- B. Enable legal entity rule
- C. Enable chart of accounts rule
- D. Enable intercompany balancing option
Correct Answer: D 🗳️
Question #3
'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 for slicing and dicing the journal entries.
Insurance premium Is to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Reversal and Recognition
- B. Deferral and Recognition
- C. Multiperiod and Recognition
- D. Offsets and Recognition
Correct Answer: B 🗳️
Question #4
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
- A. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
- B. Build a new data warehouse solution.
- C. Run predefined reports and filter the report with the available report parameters.
- D. Request support team to download subledger Journal entry data.
Correct Answer: A 🗳️
Question #5
Which two options allow validating input values on mapping sets?
- A. Value sets
- B. Lookup types
- C. Chart of accounts segment
- D. Segment values
Correct Answer: A,B 🗳️
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