Download Oracle : 1Z0-1060-20 Questions & Answers as PDF & Test Software
Last Updated: Sep 11, 2026
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The Oracle Accounting Hub Cloud 2020 Implementation Essentials exam has a reputation for rewarding candidates who prepare with the right material. With 62 carefully compiled practice questions, TestSimulate helps you turn the 1Z0-1060-20 syllabus into something you can genuinely master.
Oracle 1Z0-1060-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1060-20 |
| Exam Price: | USD $245 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Multiple Answer |
| Real Exam Qty: | 55 |
| Related Certifications: | Oracle Accounting Hub Cloud 2020 Certified Implementation Specialist |
| Passing Score: | 68% |
| Sample Questions: | Oracle 1Z0-1060-20 Sample Questions |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam |
| Pre Condition: | No mandatory prerequisite exam. Oracle recommends experience with Oracle Financials Cloud, Subledger Accounting, and accounting/business process implementation projects. |
| Official Syllabus URL: | https://education.oracle.com/oracle-accounting-hub-cloud-2020-implementation-essentials/pexam_1Z0-1060-20 |
Oracle 1Z0-1060-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Rules and Configuration | 30% | - Subledger Accounting Configuration
|
| Topic 2: Source System Integration | 20% | - Transaction Data Integration
|
| Topic 3: Transaction Processing | 15% | - Accounting Processing
|
| Topic 4: Accounting Hub Overview | 10% | - Accounting Hub Fundamentals
|
| Topic 5: Implementation and Security | 10% | - Administration and Security
|
| Topic 6: Reporting and Inquiry | 15% | - Reporting Capabilities
|
1Z0-1060-20 Exam FAQ: What to Know Before You Book
The 1Z0-1060-20 exam, officially titled Oracle Accounting Hub Cloud 2020 Implementation Essentials, is the qualifying exam for the Oracle Financials Cloud certification, which sits at the Professional level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a Oracle career path. It also connects to Oracle Accounting Hub Cloud 2020 Certified Implementation Specialist, so the effort you put in now keeps paying off as you advance.
The 1Z0-1060-20 exam gives you 55 questions to complete within 120 minutes. Do the math before exam day: divide the total time by the question count to set a steady per-question pace, and flag any item that stalls you so you can return to it after securing the easier points. The most reliable way to build that rhythm is a full timed practice test under the same limit, which is exactly what TestSimulate's test engines are designed for.
The passing score for Oracle Accounting Hub Cloud 2020 Implementation Essentials is 68%, and the official registration fee is USD $245. Keep in mind that a retake means paying that fee again in full, which makes an honest self-check worthwhile: before you book, sit a timed practice test and make sure you are consistently scoring above the passing line with some margin to spare.
According to the official requirements: No mandatory prerequisite exam. Oracle recommends experience with Oracle Financials Cloud, Subledger Accounting, and accounting/business process implementation projects.. Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.
Yes — TestSimulate offers a free PDF demo of the Oracle Accounting Hub Cloud 2020 Implementation Essentials material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
If you take the corresponding exam within 60 days of your purchase and do not pass, you are covered by the 100% Money Back Guarantee under clear conditions. To claim a full refund, submit a scan of your exam enrollment slip and your official Score Report PDF within two days of the exam; requests are processed within seven days. Note that sitting the exam within three days of purchase is not eligible, purchases that were never followed by an exam sitting do not qualify, free materials and expired orders are excluded, and the candidate name must match the payer name. Prefer an exchange instead? You can swap your product for two free exam packages of equal value and keep your update service. Delivery is immediate: your 1Z0-1060-20 material is ready for instant download and is also emailed to you within one minute of payment — contact customer service if nothing arrives within two hours. There is no limit on the number of computers you can install it on.
The current Oracle Accounting Hub Cloud 2020 Implementation Essentials syllabus is organized into 6 exam domains. The first three are:
- Accounting Rules and Configuration (30%)
- Transaction Processing (15%)
- Reporting and Inquiry (15%)
For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your TestSimulate practice questions are mapped to.
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.
How do you set up an account rule that is based on leased and owned trucks?
- A. Set up an account source in the source system file and derive the value.
- B. Set up a lookup value.
- C. Set up a mapping set rule.
- D. Set up a value set rule.
How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?
- A. One
- B. Unlimited
- C. Two
- D. Three
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?
- A. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
- B. Add new transaction sources from the user interface.
- C. Register another source system that includes these new transaction sources.
- D. Tell them this cannot be implemented.
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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?
- A. Create an adjustment journal entry.
- B. Set up multiperiod accounting journal lines.
- C. Set up a transaction line reversal.
- D. Set up automatic Journal line reversal.
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
- A. One subledger for the 3 Loan systems and one subledger for Insurance.
- B. One subledger for each source system.
- C. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
- D. One subledger for all 4 source systems.
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