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Updated: Oct 27, 2026
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Oracle 1Z0-1060-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2021 Implementation Essentials |
| Exam Number: | 1Z0-1060-21 |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 55–62 |
| Exam Price: | USD $245 (may vary by location) |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Accounting Hub Cloud 2021 Certified Implementation Specialist |
| Passing Score: | 64%–66% |
| Available Languages: | English |
| Sample Questions: | Oracle 1Z0-1060-21 Sample Questions |
| Exam Way: | Delivered through Oracle-authorized test centers or Oracle's online proctoring (subject to availability and region). |
| Pre Condition: | Hands-on experience with Oracle Accounting Hub Cloud, and familiarity with Oracle Financials Cloud concepts is recommended. |
| Official Syllabus URL: | https://education.oracle.com/financials/accounting-hub-cloud/product_745 |
Oracle 1Z0-1060-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Transaction Data and Automation | - Understand transaction data and automation with web services |
| Modeling Considerations | - Analyze modeling considerations |
| Functional Setup and Security | - Configure security roles and access - Use Functional Setup Manager |
| Transaction Lifecycle | - Analyze transaction type life cycle |
| Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
| Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Source System and Integration | - Update registered source systems - Register source systems and integration options |
| Adjust Journal Entries | - Manage and adjust journal entries |
| Reporting and Period Close | - Reporting and period close processes |
| Accounting Rule Configuration | - Configure and analyze accounting rules |
Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
- A. The rule is built using a value set source.
- B. The source does not return any value; therefore the rule is not displayed.
- C. The rule is built using a line level source.
- D. The rule is built using a custom source.
Correct Answer: C 🗳️
Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?
- A. Manage Subledger Accounting Options
- B. Manage Reporting Currencies
- C. Manage Accounting Attribute Assignments
- D. Specify Ledger Options
Correct Answer: B 🗳️
Which two options allow validating input values on mapping sets?
- A. Value sets
- B. Chart of accounts segment
- C. Lookup types
- D. Segment values
Correct Answer: A,C 🗳️
What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?
- A. Use PaaS tools, for example, ICS - to perform ETL tasks.
- B. Use Oracle OTBI tool.
- C. Use Oracle ERP Integration tool.
- D. Use a web service tool.
Correct Answer: A 🗳️
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 sourcecode 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 mapping set rules
- B. Usecustom formulas
- C. Use analytical calculations
- D. Use flexfield
Correct Answer: B 🗳️
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