Oracle: Exam 1z0-975

Oracle
Exam 1z0-975
Oracle Accounting Hub Cloud 2017 Implementation Essentials
Version: 7.0
[ Total Questions: 60 ]
Question No : 1
What is the duty role that needs to be assigned for authorizing accounting processing in
Accounting Hub Cloud?
A. Accounting Hub Create Accounting Duty Role

B. Accounting Hub Import Duty Role
C. Accounting Hub Integration Duty Role
D. Accounting Hub Create and Post Journal Entry Duty Role
Answer: C
Question No : 2
'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.
Insurance premium Is to be recognized as income across the coverage period of the

insurance policy. What are the two types of journal lines that need to be set up to generate
recurring journal entries for insurance premium in each accounting period?
A. Offsets and Recognition

B. Deferral and Recognition
C. Reversal and Recognition
D. Multiperiod and Recognition
Answer: D
Question No : 3
You are explaining to an accountant that account override is an adjustment feature of

Subledger Accounting.
Which two traits can help you explain this feature?
A. The account override feature provides an audit trail by preserving the original subledger
2
journal entry.
B. The account override feature adjusts the original source transaction.
C. The account override feature is only intended to correct subledger journals that have
been posted.
D. The account override feature allows users to record a reason for the adjustment.
Answer: D
Question No : 4
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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
A. Enable intercompany balancing option

B. Enable balancing rules
C. Enable legal entity rule
D. Enable chart of accounts rule
Answer: D
Question No : 5
What are the tables or views from which the Create Accounting process takes source data
that is used in accounting rules to create journal entries referred to as?
A. Transaction objects
B. Event entities
3
C. Source objects
D. Mapping sets
Answer: B
Question No : 6
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 lookup value.
C. Set up a value set rule.
D. Set up an account source in the source system file and derive the value.
Answer: D
Question No : 7
While creating a journal entry rule set you are NOT able to use an account rule that was
createdrecently.
Which two reasons can explain this?
A. The account rule is using sources that have not been assigned to the same event class
that is associated to the journal entry rule set.
B. The account rule is defined with conditions that are not allowing the assignment.
C. The account rule does not return any valid account value.
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D. The account rule is defined with a different chart of accounts from the journal entry rule
set.
Answer: A
Question No : 8
Invoices received from a source system need to use a specific account based on 30
different expense types. However, if the invoice is from a certain supplier type, it needs to
go to a default account regardless of the expense type.
Whatis the solution?
A. Create a 30 account combination rule with a condition of expense type.

B. Create an account rule with three rule elements using one for expense type mapping,
one for condition of supplier type, and the other one without any condition.
C. Create two journal line rules with a condition of supplier type.
D. Create an account rule with 31 rule elements using one condition for each expense type
and another for supplier type.
Answer: B
Question No : 9
Which two can you use to view supporting reference balances?
A. Use the Supporting Reference Balance Inquiry page.

B. Submit the standard Supporting Reference Balances Report.
C. Use Oracle Transactional Business Intelligence to create an analysis using the
Subledger Accounting - Supporting Reference Real Time subject area.
D. Use Business Intelligence Publisher to build a custom report.
Answer: C,D
Question No : 10
What are all the tabs that are available to be completed in the Register Source System
spreadsheet?
5
A. Source System and Line Information
B. Source System and Transaction Information
C. Source System
D. Source System, Transaction Information, and Line Information
Answer: C
Question No : 11
Which is used to track a specific transaction attribute on subledger journal entries?
A. value set rules

B. lookup value rules
C. supporting references
D. account rules
Answer: C
Question No : 12
What is a user job role data context assignment?
A. Security privileges assignment to a user job role

B. Security data role context assignment to a user job role
C. Security data access context assignment to a user job role
D. Duty role context assignment to a user
Answer: C
Question No : 13
6
What would thetypical line information be?
A. Customer Number
B. Truck Type
C. Company
D. Transaction Date
Answer: A
Question No : 14
How many transaction event classes can be set up for a subledger uploaded to Accounting
Hub Cloud?
A. Two
B. One
C. Three
D. Unlimited
Answer: C
Question No : 15
7
What wil the typical transaction information be at the header level?
A. Line Type
B. Currency
C. Amount
D. Customer Number
Answer: C
Question No : 16
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 all 4 source systems.
D. One subledger for Consumer Loan and Auto Loan, andone subledger for Home Loan
andInsurance.
Answer: A,B
Question No : 17
In the process of analyzing data from a source system you find that there are no reliable
amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?
A. Use a custom formula in an account rule to derive amounts.

B. Use a custom formula in a description rule to derive amounts.
C. Use a custom formula in a journal line rule to derive amounts.
D. Use a custom formula in a supporting reference to derive amounts.
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Answer: D
Question No : 18
A financial analyst at your workplace would like to frequently view Journal entries report
with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
A. Build a new data warehouse solution.

B. Build a custom Oracle Transactional Business Intelligence report on subledger
accounting subject areas.
C. Request support team to download subledger Journal entry data.
D. Run predefined reports and filter the report with the available report parameters.
Answer: A
Question No : 19
There is a business requirement to display supporting information with some text and
source value at the journal line level that will vary depending on the entered amounts for
the line.
What is the solution to implement this requirement?
A. define line description rule with condition

B. define journal line rules with conditions
C. define journal entry rule set with condition
D. define user transaction line identifier
Answer: A
Question No : 20
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?
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A. Add new transaction sources from the user interface.
B. Register another source system that includes these new transaction sources.
C. Tell them this cannot be implemented.
D. Add new transaction sources in the current source system registration spreadsheet and
re-upload the spreadsheet file.
Answer: C
Question No : 21
What attribute of a subledger journal entry is NOT transferred to GL?
A. Accounting class
B. Accounting lines
C. Accounted amounts
D. Supporting references
Answer: B
Question No : 22
Which three duty roles are required to perform Accounting Hub setup tasks?
A. Accounting Hub Maintenance

B. Subledger Accounting Manager
C. Accounting Hub Administration
D. Application Implementation Consultant
E. Accounting Hub Integration
Answer: B,D,E
Question No : 23
Which transaction source is used to link transaction header and line information?
A. Transaction Key
B. Transaction Type
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C. Transaction Date
D. Transaction Number
Answer: C
Question No : 24
After supporting references balances setup component is tagged to subledger journal

entries, what type of reports need to be created so that the information is available to
users?
A. an Oracle Financial Reporting Studio report

B. a predefined Oracle Business Intelligence Publisher report
C. an Oracle Transactional Business Intelligence analysis
D. a Smart View Report
Answer: B
Question No : 25
Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' ,
and 'Origination Date' fields?
A. User Transaction Identifier

B. Attribute Identifier
C. Source System Identifier
D. System Identifier
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Answer: D
Question No : 26
What can you override in a completed subledger journal entry?
A. the amounts
B. the descriptions
C. the account
D. the supporting Information
Answer: A
Question No : 27
What is the terminology that is used to refer to the number of transactions processed by
Create Accounting in one commit cycle?
A. Virtual Machine Processing Size

B. Accounting Unit Commit Size
C. Buffer Unit Size
D. Processing Unit Size
Answer: B
Question No : 28
Where do you define the currency conversion type to be used in converting accounted
amount for reporting currency ledger?
A. Specify LedgerOptions
B. Manage Accounting Attribute Assignments
C. Manage Reporting Currencies
D. Manage Subledger Accounting Options
Answer: B
12
Question No : 29
Given the subledger journal entry:
Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?
A. It is not balanced by balancing segment.

B. It is not balanced by entered currency.
C. It is not balanced by entered amounts.
D. It appears correct.
Answer: C
Question No : 30
Most of the accounting entries for transaction from the source system use
TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For
some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
A. Journal Entry
B. Journal Entry Rule Set
C. Event Class
D. Journal Line Rule
E. Event Type
Answer: B
Question No : 31
How do you enable diagnostics on subledger transaction sources?
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A. enable diagnostic profile
B. enable diagnostic attribute
C. enable diagnostic source
D. enable transaction debug
Answer: A
Question No : 32
Which three are mandatory transaction source information?
A. Transaction Number
B. Transaction Line
C. Ledger Name
D. Transaction Date
E. Distribution Link
Answer: A,B,E
Question No : 33
A new source system has been registered into Accounting Hub Cloud. Users are actively
using this new subledqer. Subsequently, the business signed up a contract with a new
supplier. A new mapping value that maps suppliers with the accounts needs to be added.
You make updates on the mappings in the existing mapping set rule by adding more
mapping valued.
After saving the update, what is the next required action?
A. Activate the journal entry rule set.

B. Activate the accounting method.
C. There is no required action. The mapping addition is complete.
D. Download a new transaction data template.
Answer: D
Question No : 34
14
Which two options allow validating input values on mapping sets?
A. Segment values
B. Lookup types
C. Value sets
D. Chart of accounts segment
Answer: A
Question No : 35
You are implementing Fusion Accounting Hub for your external Accounts Receivables
system. The external system sends invoices billed and cash receipts in a flat file, along with
the customer classification information. You want the accounting amounts to be tracked by
customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
A. Use the Open Account Balances Listing report that has balances by customer.
B. Use the Third Party Control Account feature.
C. Use Supporting References to capture customer classification information.
D. Capture customer information as the source and develop a custom report using Online
Transactional Business Intelligence (OTBI).
Answer: C
Question No : 36
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?
A. Use either Account Monitor or Account Inspector to get required Information.

B. Build a Financial Reporting Studio report that includes all dimensions.
C. Build an OTBI analysis that includes a relevant subject area.
D. Create a Smart View report using the query designer feature.
Answer: A
15
Question No : 37
What automation option is NOT available when uploading transaction data to Accounting
Hub Cloud?
A. ERP Integration Service

B. Oracle Web Center Content Client Command line tool
C. Oracle Virtual Web Center Services
D. Oracle UCM Web Services
Answer: C
Question No : 38
You need to build a complex account rule. Which four value typescanyou use in your
definition?
A. Value Set
B. Constant
C. Existing Account Rule
D. Account Combination
E. Mapping Set
F. Source
Answer: A,B,C,F
Question No : 39
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.
16
C. The rule is built using a line level source.
D. The rule is built using a custom source.
Answer: C
Question No : 40
What is the key attribute that is used to query journal entries of a registered source
system?
A. Ledger Name
B. Transaction Date
C. Journal Source
D. Accounting Date
Answer: A
Question No : 41
How can the automatic recognition of insurance income be implemented in Accounting Hub
Cloud?
A. Set up multiperiod accounting journal lines.

B. Set up a transaction line reversal.
C. Create an adjustment journal entry.
D. Set up automatic Journal line reversal.
17
Answer: A
Question No : 42
'Insurances for Homes' company provide home insurance service. They have in-house built
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" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting

Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
B. "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date"
-"Effective Date")
C. "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry
Date" "Effective Date") + 1)
D. "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting
Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
Answer: D
Question No : 43
What is the required date format used to import accounting transactions to Accounting Hub
Cloud?
A. The user can customize the date format

B. MM-DD-YYYY
C. DD-MON-YYYY
D. YYYY-MM-DD
Answer: B
18
Question No : 44
What is NOT included in the minimum required accounting attribute assignments?
A. Second Distribution Identifier

B. First Distribution Identifier
C. Distribution Type
D. Accounting Date
Answer: A
Question No : 45
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
accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in
the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?
A. Two primary ledgers

B. One primary ledger
C. One primary, one secondary ledger
D. One primary, one repotting currency ledger
Answer: B
Question No : 46
19
How do you pass the calculated value for discount amounts in accounting rules to the
corresponding journal line?
A. Assign it to an accounting method.

B. Assign it to an account rule.
C. Assign it to a transaction type.
D. Assign it to an accounting attribute.
Answer: A
Question No : 47
Which two actions can you accomplish for a registered source system?
A. Add new event classes through the user interface.

B. Modify the subledger application name as long as there are no pending accounting
entries.
C. Import the source system registration spreadsheet templatemultiple times as long as
thereare no accounting rules created yet.
D. Revise source Information through the user interface and add more sources.
Answer: B,C
Question No : 48
'Insurances for Homes'company provides home insurance services. They have an in-house
20
built system that processes insurance payments received from customers. The end result
requirements for getting all Journal entries in a secure and auditablerepository. Access will
be limited to selective staff members. Additionally, the company need to be able to report
and view the entries using advanced reporting and analytical tools for segmenting, viewing
and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journal line?
A. Assign a custom formula.

B. Assign an accounting attribute.
C. You do not need to do anything additional.
D. Assign a line classification or line type attribute.
Answer: B
Question No : 49
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?
A. Summarize by GL Date
B. Summarize by GL Period
C. Group by GL Date
D. Transfer in Details
Answer: A
Question No : 50
What kind of sequence can be assigned to subledger journal entries at the time that the
journal entries are created in finalmode?
A. Reporting Sequence
B. Accounting Sequence
21
C. JournalEntry Sequence
D. Document Sequence
Answer: B
Question No : 51
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 Oracle ERP Integration tool.

B. Use PaaS tools, for example, ICS - to perform ETL tasks.
C. Use Oracle OTBI tool.
D. Use a web service tool.
Answer: A
Question No : 52
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service
(FAHRC)?
A. transfer Balances to FAH Reporting Cloud Service

B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud
Service
C. upload transaction data into FAH Reporting Cloud Service
D. provide real-time visibility to financial reports in FAH Reporting Cloud Service
Answer: A
Question No : 53
22
How do you calculate discounts for use in the accounting rule?
A. Use flexfield
B. Use custom formulas
C. Use mapping set rules
D. Use analytical calculations
Answer: C
Question No : 54
Which is an alternate way to implement a mapping set rule?
A. Define a chart of account rule with conditions.

B. Define a lookup type rule with conditions.
C. Define a flexfield rule with conditions.
D. Define an account rule with conditions.
Answer: A
Question No : 55
Which four options are used to reconcile subledger journal entries?
A. Set up reconciliation using the reconciliation reference accounting attribute.

B. Assign a descriptive text and source on journal lines.
C. Run the Subledger Accounting Method Setups report.
D. Tag supporting references with journal entry lines.
E. Build a custom OTBI report.
F. Run the Subledger Accounting Diagnostics report.
Answer: C,D,E,F
23
Question No : 56
The new billing source system has been registered into Accounting Hub Cloud. The
subledger is in active state. At a later date, the business decides to bring in another legacy
system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
A. Add this as a new transaction type into existing registered subledger from the user
interface.
B. Register it as a new source system.
C. Add this as a new transaction typo into existing subledger registration spreadsheet
template.
D. Change the transaction data file.
Answer: C,D
Question No : 57
Given the business requirement in the use case:
What are the key transaction types mentioned in the use case?
A. Pay Insurance and Control Truck Services

B. Initiate Truck Rentals Contract and Pay Truck Maintenance
C. Purchase Trucks and Deploy Trucks
D. Purchase Trucks and Pay Out Trucks
24
Answer: D
Question No : 58
You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?
A. Set the "SLA: Diagnostics Enabled" profile option.

B. Run Create Accounting again to generate journal entries for the events that ended in
error.
C. Submit the Accounting Event Diagnostics process.
D. Run the Accounting Events Diagnostic Report.
Answer: A
Question No : 59
To support foreign currency transaction in Accounting Hub, which accounting attributes

must be assigned a source?
A. Conversion type and conversion date

B. Conversion type, conversion date and conversion rate
C. Conversion date and conversion rate
D. Conversion type
Answer: C
Question No : 60
'Insurances for Homes' company provide home insurance service. They have in house built
using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
25
Insurance premium is to be recognized as income across the-coverage period of the
insurance policy. How do you link the two journal lines in the recurring journal entries
cases, so that these two journal lines are identified by the accounting process to create
recurring Journal entries?
A. Recognition Journal class

B. Recurring Journal class
C. Accounting class
D. Multiperiod class
Answer: D
26

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Oracle

A. Accounting Hub Create Accounting Duty Role

Insurance premium Is to be recognized as income across the coverage period of the

A. Offsets and Recognition

You are explaining to an accountant that account override is an adjustment feature of

Which two traits can help you explain this feature?

Given the business use case:

A. Enable intercompany balancing option

Given the business use case:

A. Set up a mapping set rule.

Which two reasons can explain this?

Whatis the solution?

A. Create a 30 account combination rule with a condition of expense type.

Which two can you use to view supporting reference balances?

A. Use the Supporting Reference Balance Inquiry page.

Which is used to track a specific transaction attribute on subledger journal entries?

A. value set rules

What is a user job role data context assignment?

A. Security privileges assignment to a user job role

Given the business use case:

What would thetypical line information be?

Given the business use case:

What wil the typical transaction information be at the header level?

Which two implementations allow similar accounting rules to be shared?

How can you resolve this challenge?

A. Use a custom formula in an account rule to derive amounts.

What is the solution to implement this requirement quickly?

A. Build a new data warehouse solution.

What is the solution to implement this requirement?

A. define line description rule with condition

What attribute of a subledger journal entry is NOT transferred to GL?

A. Accounting Hub Maintenance

After supporting references balances setup component is tagged to subledger journal

A. an Oracle Financial Reporting Studio report

Given the journal:

A. User Transaction Identifier

What can you override in a completed subledger journal entry?

A. Virtual Machine Processing Size

Given the subledger journal entry:

Note that the first segment is the primary balancing segment.

Which statement is True regarding this subledger journal entry?

A. It is not balanced by balancing segment.

How do you enable diagnostics on subledger transaction sources?

Which three are mandatory transaction source information?

After saving the update, what is the next required action?

A. Activate the journal entry rule set.

What is the solution?

A customer has a business requirement to provide additional information about subledger

How can you meet this requirement?

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

A. ERP Integration Service

What is the possible reason for NOT finding the rule?

A. The rule is built using a value set source.

Given the business use case:

A. Set up multiperiod accounting journal lines.

A. "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting

A. The user can customize the date format

What is NOT included in the minimum required accounting attribute assignments?

A. Second Distribution Identifier

Given the business use case:

How many ledgers are required to be set up?

A. Two primary ledgers

Given the business use case: