Online Access Free 1z1-975 Practice Test

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 Consumer Loan and Auto Loan, andone subledger for Home Loan andInsurance.
• B.One subledger for all 4 source systems.
• C.One subledger for the 3 Loan systems and one subledger for Insurance.
• D.One subledger for each source system.

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 wil the typical transaction information be at the header level?

• A.Amount
• B.Currency
• C.Line Type
• D.Customer Number

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.upload transaction data into FAH Reporting Cloud Service
• C.provide real-time visibility to financial reports in FAH Reporting Cloud Service
• D.transfer Balances to FAH Reporting Cloud Service

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 journal entry rule set with condition
• B.define user transaction line identifier
• C.define line description rule with condition
• D.define journal line rules with conditions

Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

• A.Manage Reporting Currencies
• B.Specify LedgerOptions
• C.Manage Subledger Accounting Options
• D.Manage Accounting Attribute Assignments