Exam Name: Oracle Accounting Hub Cloud Service 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Failed once? That's when direction matters most. The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials study guide from ExamPrepAway turns hard work into progress — 60 practice questions with mistake-pointing simulation.
Oracle 1z1-975 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Subledger Accounting and Journal Entries | - Define accounting rules and rule configurations - Configure accounting rule edits and chart of accounts mappings - Understand subledger accounting concepts and transaction events |
| Topic 2: Accounting Hub Overview and Setup | - Describe Oracle Accounting Hub Cloud purpose and architecture - Configure enterprise structures, ledgers, and accounting setup |
| Topic 3: Source Systems and Integration | - Integrate with PaaS or external systems - Register source systems and transaction types |
| Topic 4: Diagnostics and Troubleshooting | - Troubleshoot accounting exceptions and errors - Enable and use diagnostics framework |
| Topic 5: Reporting and Audit | - Audit and reconciliation capabilities - Use reporting tools for accounting results |
1z1-975 FAQ — Efficient Preparation Starts Here
No formal prerequisites; Oracle recommends experience with Financials Cloud and accounting processes. Eligibility rules do change, so confirm the current requirements on the official page (official 1z1-975 exam page) before booking.
120 minutes for 60 questions. Efficiency beats exhaustion: the ExamPrepAway software version simulates the real test scene and scores your performance, so every practice hour moves you forward.
Delivery and payment are both safe: we support credit card payment, your information is protected by a strict system, and the product emails automatically within a minute of purchase — unlimited devices, 7*24 support if nothing arrives within 2 hours. If you fail the corresponding 1z1-975 exam within 60 days of purchase, we refund in full: provide a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.
Approx. USD 245-295 (varies by region) per attempt, Not publicly published (typically ~60-65%) to pass. Since a retake costs the full fee, prepare with direction: the 60 practice questions from ExamPrepAway focus your effort where the exam points are.
The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud, at the Associate level. It validates applied skills employers hire for — a credential worth the effort. Related credentials include Oracle Accounting Hub Cloud 2017 Certified Implementation Specialist.
The Oracle Accounting Hub Cloud Service 2017 Implementation Essentials blueprint covers 5 domains — including Source Systems and Integration, Subledger Accounting and Journal Entries, Reporting and Audit. The weightings are your efficiency map: heavy domains first. Every subtopic appears in the outline above.
Yes — download the free Oracle Accounting Hub Cloud Service 2017 Implementation Essentials demo and judge the question quality before paying. Every purchase stays valid for 365 days with free updates throughout, renewable afterward at 50% off.
Oracle Accounting Hub Cloud Service 2017 Implementation Essentials Sample Questions:
'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. Multiperiod and Recognition
- C. Offsets and Recognition
- D. Deferral and Recognition
Correct Answer: B 🗳️
After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?
- A. Add new transaction sources from the user interface.
- B. Tell them this cannot be implemented.
- C. Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
- D. Register another source system that includes these new transaction sources.
Correct Answer: B 🗳️
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 rule is built using a custom source.
- C. The source does not return any value; therefore the rule is not displayed.
- D. The rule is built using a value set source.
Correct Answer: A 🗳️
Which is used to track a specific transaction attribute on subledger journal entries?
- A. lookup value rules
- B. supporting references
- C. value set rules
- D. account rules
Correct Answer: B 🗳️
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 method.
- B. Assign it to an accounting attribute.
- C. Assign it to a transaction type.
- D. Assign it to an account rule.
Correct Answer: A 🗳️
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