1z1-975 by Oracle Valid Free Exam Practice Test

Question 1

Which three duty roles are required to perform Accounting Hub setup tasks?

A. Application Implementation Consultant B. Accounting Hub Maintenance C. Accounting Hub Integration D. Subledger Accounting Manager E. Accounting Hub Administration

Correct Answer: A,C,D

Question 2

Which two actions can you accomplish for a registered source system?

A. Modify the subledger application name as long as there are no pending accounting entries. B. Import the source system registration spreadsheet templatemultiple times as long as thereare no accounting rules created yet. C. Add new event classes through the user interface. D. Revise source Information through the user interface and add more sources.

Correct Answer: A,B

Question 3

What are all the tabs that are available to be completed in the Register Source System spreadsheet?

A. Source System and Line Information B. Source System and Transaction Information C. Source System, Transaction Information, and Line Information D. Source System

Correct Answer: D

Question 4

What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A. DD-MON-YYYY B. The user can customize the date format C. MM-DD-YYYY D. YYYY-MM-DD

Correct Answer: C

Question 5

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. Register it as a new source system. B. Add this as a new transaction type into existing registered subledger from the user interface. C. Add this as a new transaction typo into existing subledger registration spreadsheet template. D. Change the transaction data file.

Correct Answer: C,D

Question 6

Given the business use case:
'Insurances for Homes'company provides home insurance services. They have an in-house built system that processes 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 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. Assign a line classification or line type attribute. D. You do not need to do anything additional.

Correct Answer: B

Oracle Accounting Hub Cloud Service 2017 Implementation Essentials - 1z1-975 Exam Practice Test