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Guide for 1Z0-1060-26: Oracle Accounting Hub Cloud 2026 Implementation Professional

Quiz 1Z0-1060-26: Oracle Accounting Hub Cloud 2026 Implementation Professional

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/ 10

Quiz

1/10
You are designing an income statement report with the help of Financial Reporting Studio. You add
row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number
6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
Select the answer
1 correct answer
A.
[3;5][3;5][3;5]
B.
[3,5][3,5][3,5]
C.
3:5{3:5}3:5
D.
[3:5][3:5][3:5]

Quiz

2/10
Your client, a banking organization, is currently using different transaction systems for different types
of loans including vehicle loans, personal loans, education loans, and housing loans. You recently
uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan
Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge off as event types.
The customer now asks you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
Select the answer
1 correct answer
A.
Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template
B.
The source system should be registered again by including the Loan Interest Accrual Reversal event type
C.
A new transaction type cannot be added after the source system is registered
D.
Loan Interest Accrual Reversal can be added as a new event type from the user interface

Quiz

3/10
The Insurance for Homes company provides home insurance services in the USA, the UK, France, and
Italy. It is headquartered in the US
Select the answer
2 correct answers
A.
The entities in the UK, France, and Italy are subsidiaries of the USA entity. The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers. Which TWO statements are true about setting up secondary ledgers? A. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
B.
Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger
C.
A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
D.
Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only

Quiz

4/10
Your customer needs to generate journal entries for the insurance premium collected from the sale
of policies. The different components of the premium collected by the company include Basic
Premium and Tax. You decide to set up three separate journal line rules to account for Basic
Premium, Tax Amount, and Total Amount.
Which attribute in a journal line rule allows you to classify these three journal entry lines?
Select the answer
1 correct answer
A.
Accounting Class
B.
Business Flow Class
C.
Event Class
D.
Rounding Class

Quiz

5/10
Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they
process their transactions in a source system. You have been appointed as a consultant to implement
Accounting Hub Cloud and standardize their accounting process. You decide to register their source
system as a single application in Accounting Hub Cloud.
How many event classes will be generated by the system while registering the source system?
Select the answer
1 correct answer
A.
Four
B.
Two
C.
One
D.
Three

Quiz

6/10
Your client has implemented the Accounting Hub Cloud solution. They import their transaction data
from the source system on a daily basis, and while doing so, some transactions are not being
accounted properly. They want these invalid transactions purged and the correct transactions re-
imported.
Which job would you submit to purge the invalid transactions?
Select the answer
1 correct answer
A.
Set Accounting Hub Maintenance Job with Mode set to Purge Invalid or Unaccounted Transactions
B.
Import Accounting Transactions Job with Purge Invalid Transaction parameter set to "Yes"
C.
Purge Invalid and Unaccounted Accounting Hub Transactions Job
D.
Purge Accounting Hub Transactions Job

Quiz

7/10
Your customer needs to generate journal entries for the insurance premium collected from the sale
of policies. The different components of the premium collected by the company include Basic
Premium and Tax.
While uploading the transaction details containing both Basic Premium and Tax amounts, which
transaction source would you use to link the transaction header and line information?
Select the answer
1 correct answer
A.
Document Key
B.
Transaction Number
C.
Document Sequence Number
D.
Transaction Type

Quiz

8/10
Your client has operations in the US and the UK, and they currently use a third-party billing system to
process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and
Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register
the billing source system.
While registering the source system using the spreadsheet template, which TWO could be flagged as
errors by the validation check process?
Select the answer
2 correct answers
A.
You cannot add more than 30 sources when the Journal Display column is enabled
B.
You cannot add more than 10 sources when the Journal Display column is enabled
C.
The event type name cannot exceed 30 characters
D.
The event type name cannot exceed 25 characters

Quiz

9/10
Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular
basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
Select the answer
1 correct answer
A.
Account Groups and Sunburst
B.
Financial Reporting Studio
C.
Smart View
D.
Oracle Transactional Business Intelligence

Quiz

10/10
Your client decides to:
Configure a primary ledger for local statutory reporting requirements and a secondary ledger to
manage alternative accounting requirements.
Use Financial Reporting Studio to manage the financial reports that leverage the cube connections.
They are seeking your advice to understand the cubes that the system creates to store the balances
for these two ledgers.
Based on which unique combination of ledger components are the cube connections generated?
Select the answer
1 correct answer
A.
Chart of Account and Currency
B.
Chart of Account and Convention
C.
Convention and Currency
D.
Chart of Accounts and Calendar
E.
Calendar and Currency
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  • Quiz name:1Z0-1060-26: Oracle Accounting Hub Cloud 2026 Implementation Professional
  • Total number of questions:80
  • Number of questions for the test:50
  • Pass score:80%

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