Feel casual while testing online — practice makes it so. The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials soft version at Test4Cram simulates the exam: 60 practice questions for the 1z1-975 exam.
Oracle 1z1-975 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Accounting Hub Cloud Service 2017 Implementation Essentials |
| Exam Number: | 1Z0-975 |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle ERP Cloud Certifications Oracle Financials Cloud Certifications |
| Exam Format: | Multiple Response, Multiple Choice |
| Available Languages: | English |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam or test center (Oracle Pearson VUE delivery) |
| Pre Condition: | Basic knowledge of Oracle Financials Cloud or ERP Cloud is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z1-975 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Source Systems Integration | - Source system definition - Data import and transformation |
| Accounting Rules | - Rules definition and structure - Mapping and derivation rules - Rule sets and processing logic |
| Accounting Hub Cloud Overview | - Core concepts and architecture - Business benefits and use cases |
| Accounting Transformations and Processing | - Validation and error handling - Subledger accounting flow |
| Reporting and Reconciliation | - Account analysis and reporting - Reconciliation processes |
| Configuration and Setup | - Ledger and accounting setup - Application configuration tasks |
1z1-975 Exam FAQ — Stand Out
Basic knowledge of Oracle Financials Cloud or ERP Cloud is recommended. Eligibility rules change over time, so verify the current requirements on the official page (official 1z1-975 exam page) before registering.
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The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials is Oracle's certification exam for Oracle Accounting Hub Cloud Service 2017 Implementation Essentials, at the Professional level. When a good opportunity appears, the certified hold the vital advantages. Related credentials include Oracle Financials Cloud Certifications, Oracle ERP Cloud Certifications.
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The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials is delivered Online proctored exam or test center (Oracle Pearson VUE delivery) — pick the arrangement that suits you when booking.
The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials blueprint spans 6 domains — including Reporting and Reconciliation, Accounting Hub Cloud Overview, Source Systems Integration. A cram sheet with direction beats aimless reading; the complete outline above lists every subtopic.
Oracle Accounting Hub Cloud Service 2017 Implementation Essentials Sample Questions:
'Insurances for Homes' company provide home insurance service. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.
- A. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1) - B. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
- C. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
- D. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
Correct Answer: C 🗳️
Which three duty roles are required to perform Accounting Hub setup tasks?
- A. Application Implementation Consultant
- B. Accounting Hub Administration
- C. Accounting Hub Maintenance
- D. Accounting Hub Integration
- E. Subledger Accounting Manager
Correct Answer: A,D,E 🗳️
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 a mapping set rule.
- B. Set up a value set rule.
- C. Set up an account source in the source system file and derive the value.
- D. Set up a lookup value.
Correct Answer: C 🗳️
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?
- A. Purchase Trucks and Deploy Trucks
- B. Pay Insurance and Control Truck Services
- C. Initiate Truck Rentals Contract and Pay Truck Maintenance
- D. Purchase Trucks and Pay Out Trucks
Correct Answer: D 🗳️
What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?
- A. Oracle Virtual Web Center Services
- B. Oracle Web Center Content Client Command line tool
- C. Oracle UCM Web Services
- D. ERP Integration Service
Correct Answer: A 🗳️
