Exam Name: Oracle Accounting Hub Cloud Service 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Walking into the testing center unprepared is a gamble. The ActualVCE desktop test engine recreates the look, timing, and pressure of the Oracle 1z1-975 exam, so the format feels routine long before your test date arrives.
Oracle 1z1-975 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Audit | - Audit and reconciliation capabilities - Use reporting tools for accounting results |
| Topic 2: Accounting Hub Overview and Setup | - Configure enterprise structures, ledgers, and accounting setup - Describe Oracle Accounting Hub Cloud purpose and architecture |
| Topic 3: Subledger Accounting and Journal Entries | - Understand subledger accounting concepts and transaction events - Define accounting rules and rule configurations - Configure accounting rule edits and chart of accounts mappings |
| Topic 4: Diagnostics and Troubleshooting | - Troubleshoot accounting exceptions and errors - Enable and use diagnostics framework |
| Topic 5: Source Systems and Integration | - Register source systems and transaction types - Integrate with PaaS or external systems |
Your Oracle 1z1-975 Exam Questions, Answered
The Oracle 1z1-975 exam, officially titled Oracle Accounting Hub Cloud Service 2017 Implementation Essentials, is the required test for earning the Oracle Financials Cloud certification, a credential at the Associate level. Passing it validates the skills Oracle expects from certified professionals, and it can also support progress toward related credentials such as Oracle Accounting Hub Cloud 2017 Certified Implementation Specialist.
The 1z1-975 exam includes 60 questions, and you have 120 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the ActualVCE test engine are the easiest way to build that rhythm before it counts.
You need Not publicly published (typically ~60-65%) to pass the 1z1-975 exam, and the official registration fee is Approx. USD 245-295 (varies by region). Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the ActualVCE practice test until your scores sit comfortably above the passing requirement before you schedule the exam.
Oracle asks candidates to meet the following requirement before registering: No formal prerequisites; Oracle recommends experience with Financials Cloud and accounting processes.. Exam policies do change, so confirm the latest details on the official exam page at https://education.oracle.com/exam_test?exam=1Z0-975 before you book.
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The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials exam is organized into 5 major domains. Some of the key domains include:
- Subledger Accounting and Journal Entries
- Accounting Hub Overview and Setup
- Source Systems and Integration
Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.
Oracle Accounting Hub Cloud Service 2017 Implementation Essentials Sample Questions:
Given the business requirement in the 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 are the key transaction types mentioned in the use case?
- A. Pay Insurance and Control Truck Services
- B. Purchase Trucks and Deploy Trucks
- C. Initiate Truck Rentals Contract and Pay Truck Maintenance
- D. Purchase Trucks and Pay Out Trucks
Correct Answer: D 🗳️
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. Group by GL Date
- C. Summarize by GL Period
- D. Transfer in Details
Correct Answer: A 🗳️
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 line level source.
- B. The source does not return any value; therefore the rule is not displayed.
- C. The rule is built using a value set source.
- D. The rule is built using a custom source.
Correct Answer: A 🗳️
'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. Reversal and Recognition
- B. Deferral and Recognition
- C. Multiperiod and Recognition
- D. Offsets and Recognition
Correct Answer: C 🗳️
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 adjusts the original source transaction.
- B. The account override feature is only intended to correct subledger journals that have been posted.
- C. The account override feature allows users to record a reason for the adjustment.
- D. The account override feature provides an audit trail by preserving the original subledger journal entry.
Correct Answer: C 🗳️
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