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  1. Home
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  3. 1Z0-1060

Oracle 1Z0-1060 Exam (page: 1)
Oracle Accounting Hub Cloud 2019 Implementation Essentials
Updated on: 12-Aug-2025

Viewing Page 1 of 13
1Z0-1060 PDF 60 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.

How do you set up an account rule that is based on leased and owned trucks?

  1. Set up a mapping set rule.
  2. Set up a lookup value.
  3. Set up a value set rule.
  4. Set up an account source in the source system file and derive the value.

Answer(s): D



A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.

Which of the available General Ledger Journal Entry Summarization options meets this requirement?

  1. Summarize by GL Date
  2. Summarize by GL Period
  3. Group by GL Date
  4. Transfer in Details

Answer(s): A



How do you enable diagnostics on subledger transaction sources?

  1. enable diagnostic profile
  2. enable diagnostic attribute
  3. enable diagnostic source
  4. enable transaction debug

Answer(s): A



You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.

Which two traits can help you explain this feature?

  1. The account override feature provides an audit trail by preserving the original subledger journal entry.
  2. The account override feature adjusts the original source transaction.
  3. The account override feature is only intended to correct subledger journals that have been posted.
  4. The account override feature allows users to record a reason for the adjustment.

Answer(s): D



Given the business use case:

'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.

The line information may contain more than one line for the same header.

When uploading transactions, which is a way to differentiate each Journal line?

  1. Assign a custom formula.
  2. Assign an accounting attribute.
  3. You do not need to do anything additional.
  4. Assign a line classification or line type attribute.

Answer(s): B



Viewing Page 1 of 13



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