1Z0-1060-24

The Oracle 1Z0-1060-24 exam, "Oracle Accounting Hub Cloud Service 2023 Implementation Essentials," focuses on implementing and managing Oracle Accounting Hub Cloud Service. The main points covered are:

• Understanding Oracle Accounting Hub Cloud Service: This includes its architecture, functionality, benefits, and how it integrates with other Oracle Cloud applications (like ERP Cloud, Fusion Financials). You should understand its role in centralizing accounting data and processes.

• Setting up and Configuring Accounting Hub: This involves tasks like provisioning the service, configuring security, managing users and roles, and setting up data connections with source systems. Understanding data integration methods (e.g., APIs, FBDI) is crucial.

• Data Management and Transformations: This is a major component. You need to know how to map data from source systems to Accounting Hub, handle data transformations and reconciliations, manage data quality, and resolve data discrepancies. Understanding data validation rules and error handling is key.

• Reporting and Analytics: You'll be tested on the capabilities of Accounting Hub for generating reports, analyzing data, and using pre-built reports and dashboards. This includes understanding how to access and interpret the data within the system.

• Implementing and Managing Accounting Processes: This encompasses the core accounting functions supported by Accounting Hub. While the specific processes might vary, expect questions on key aspects like:

  • Chart of Accounts: Understanding its structure and management within the system.
  • Journal Entries: How to create, import, and manage journal entries.
  • Subledger Accounting: Understanding how Accounting Hub integrates with and manages data from subledger systems.
  • Financial Reporting: Generating financial statements and reports.

• Security and Compliance: Understanding security best practices and compliance requirements related to Accounting Hub. This includes user management, access control, and data security.

• Troubleshooting and Problem Solving: You should be able to identify and resolve common issues related to data integration, reporting, and system configuration.

In short, the exam tests your ability to implement, configure, and manage Oracle Accounting Hub Cloud Service effectively. It emphasizes practical, hands-on knowledge rather than just theoretical understanding. The focus is on the entire lifecycle of using Accounting Hub, from initial setup to ongoing management and troubleshooting.