Online Access Free 1z1-975 Practice Test

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 custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
• B.Build a new data warehouse solution.
• C.Request support team to download subledger Journal entry data.
• D.Run predefined reports and filter the report with the available report parameters.

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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

• A.Assign it to an accounting attribute.
• B.Assign it to an accounting method.
• C.Assign it to a transaction type.
• D.Assign it to an account rule.

You need to build a complex account rule. Which four value types you use in yourdefinition?

• A.Value Set
• B.Account Combination
• C.Source
• D.Constant
• E.Mapping Set
• F.Existing Account Rule

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.
• C.The rule is built using a custom source.
• D.The rule is built using a line level source.

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 Supporting References to capture customer classification information.
• B.Use the Open Account Balances Listing report that has balances by customer.
• C.Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
• D.Use the Third Party Control Account feature.