Quality is a process, not a slogan: expert-written 62 practice questions, verified answers, and materials refined release after release. That is the standard behind the GuideTorrent 1Z0-1060-20 package.
Oracle 1Z0-1060-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1060-20 |
| Related Certifications: | Oracle Fusion Cloud Accounting Hub Oracle Financials Cloud |
| Real Exam Qty: | 55-62 |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Price: | USD 245 |
| Certificate Validity Period: | 18 months |
| Passing Score: | 63% |
| Available Languages: | English, Japanese |
| Exam Duration: | 105 minutes |
| Recommended Training: | Oracle Accounting Hub Cloud Implementation Training |
| Exam Registration: | Oracle University Pearson VUE |
| 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 |
|---|---|---|
| Topic 1: Source System Integration | 20% | - File-based data import and mapping - Define transaction objects and attributes - Register source systems |
| Topic 2: Accounting Rules Configuration | 30% | - Supporting references and accounting methods - Description and journal line rules - Account rules and mapping sets - Event model and event classes/types |
| Topic 3: Reporting and Inquiry | 15% | - Journal inquiry and drill-down - Accounting Hub reports and dashboards - Reconciliation and diagnostics |
| Topic 4: Accounting Hub Overview | 10% | - Business benefits and use cases - Architecture and core concepts - Subledger Accounting (SLA) overview |
| Topic 5: Implementation and Security | 10% | - Troubleshooting and best practices - Role-based access control - Implementation lifecycle |
| Topic 6: Transaction Processing | 15% | - Transaction validation and error handling - Create Accounting process - Transfer to General Ledger |
1Z0-1060-20 Exam FAQ — Simulate, Schedule, Succeed on Your Terms
The official Oracle Accounting Hub Cloud 2020 Implementation Essentials outline defines 6 domains. The leading three are Transaction Processing (15%), Accounting Hub Overview (10%), and Implementation and Security (10%). The full list is in the topics section above, and GuideTorrent's 62 practice questions cover each one.
No mandatory prerequisites; hands-on experience recommended Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Online proctored or onsite at Pearson VUE test centers Register for the Oracle Accounting Hub Cloud 2020 Implementation Essentials exam through these official channels:
After booking, GuideTorrent delivers your practice questions within 1 minute — preparation starts the same day.
The 1Z0-1060-20 exam is a Oracle certification exam validating the Oracle Accounting Hub Cloud 2020 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud, Oracle Fusion Cloud Accounting Hub. Candidates in 2026 start with GuideTorrent's 62 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
The Oracle Accounting Hub Cloud 2020 Implementation Essentials exam contains 55-62 to complete within 105 minutes. Timed simulation in the GuideTorrent Desktop Test Engine teaches that rhythm before exam day does.
GuideTorrent issues a full refund if you take the Oracle Accounting Hub Cloud 2020 Implementation Essentials exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
The Oracle Accounting Hub Cloud 2020 Implementation Essentials exam requires 63% to pass, and registration costs USD 245. A failed attempt means paying the same fee again — a readiness check with the GuideTorrent engines before booking is the cheaper option.
Oracle recommends these training resources for the Oracle Accounting Hub Cloud 2020 Implementation Essentials exam:
Follow the training with steady self-testing — the 62 practice questions from GuideTorrent help you apply theory and fill any gaps the training leaves.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 62 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
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 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 🗳️
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
- A. Source System and Transaction Information
- B. Source System
- C. Source System, Transaction Information, and Line Information
- D. Source System and Line Information
Correct Answer: C 🗳️
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 calculate discounts for use in the accounting rule?
- A. Use custom formulas
- B. Use flexfield
- C. Use mapping set rules
- D. Use analytical calculations
Correct Answer: A 🗳️
'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. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
- A. Recurring Journal class
- B. Multiperiod class
- C. Recognition Journal class
- D. Accounting class
Correct Answer: B 🗳️
Which three are mandatory transaction source information?
- A. Transaction Line
- B. Transaction Date
- C. Ledger Name
- D. Transaction Number
- E. Distribution Link
Correct Answer: B,C,D 🗳️
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