Online Access Free 1z1-975 Practice Test

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. '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.One primary, one secondary ledger
• B.One primary, one repotting currency ledger
• C.One primary ledger
• D.Two primary ledgers

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.Download a new transaction data template.
• B.Activate the journal entry rule set.
• C.There is no required action. The mapping addition is complete.
• D.Activate the accounting method.

What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

• A.synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
• B.provide real-time visibility to financial reports in FAH Reporting Cloud Service
• C.transfer Balances to FAH Reporting Cloud Service
• D.upload transaction data into FAH Reporting Cloud Service

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.Event Class
• B.Journal Line Rule
• C.Event Type
• D.Journal Entry
• E.Journal Entry Rule Set

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.