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Vendor : Oracle
Exam Code : 1Z0-975
Exam Name : Oracle Accounting Hub Cloud Service 2017 Implementation Essentials
Questions and Answers : 60 Q & A
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1Z0-975 Questions and Answers

Microsoft Word - 1Z0-975-Final.html


QUESTION: 53

Given the subledger journal entry:

Note that the first segment is the primary balancing segment. Which statement is True regarding this subledger journal entry?**Missing Exhibit**


  1. It is not balanced by balancing segment.

  2. It is not balanced by entered currency.

  3. It is not balanced by entered amounts.

  4. It appears correct.


Answer: C


QUESTION: 54

What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?


  1. Accounting Hub Create Accounting Duty Role

  2. Accounting Hub Import Duty Role

  3. Accounting Hub Integration Duty Role

  4. Accounting Hub Create and Post Journal Entry Duty Role


Answer: C


QUESTION: 55

Given the business requirement in the 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 are the key transaction types mentioned in the use case?


  1. Pay Insurance and Control Truck Services

  2. Initiate Truck Rentals Contract and Pay Truck Maintenance

  3. Purchase Trucks and Deploy Trucks

  4. Purchase Trucks and Pay Out Trucks


Answer: D


QUESTION: 56

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?


  1. One subledger for the 3 Loan systems and one subledger for Insurance.

  2. One subledger for each source system.

  3. One subledger for all 4 source systems.

  4. One subledger for Consumer Loan and Auto Loan, andone subledger for Home Loan andInsurance.


Answer: A, B


QUESTION: 57

A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report. How can you meet this requirement?


  1. Use either Account Monitor or Account Inspector to get required Information.

  2. Build a Financial Reporting Studio report that includes all dimensions.

  3. Build an OTBI analysis that includes a relevant subject area.

  4. Create a Smart View report using the query designer feature.


Answer: A


QUESTION: 58

Which transaction source is used to link transaction header and line information?


  1. Transaction Key

  2. Transaction Type

  3. Transaction Date

  4. Transaction Number


Answer: C


QUESTION: 59

A customer's business requirement demands a more granular view of transferred subledger journal entries in GL. Which of the available General Ledger Journal Entry Summarization options meets this requirement?


  1. Summarize by GL Date

  2. Summarize by GL Period

  3. Group by GL Date

  4. Transfer in Details


Answer: A


QUESTION: 60

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?


  1. Set up a mapping set rule.

  2. Set up a lookup value.

  3. Set up a value set rule.

  4. Set up an account source in the source system file and derive the value.


Answer: D


Oracle 1Z0-975 Exam (Oracle Accounting Hub Cloud Service 2017 Implementation Essentials) Detailed Information

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