Oracle 1z1-975 valid exam dumps : Oracle Accounting Hub Cloud Service 2017 Implementation Essentials

'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. Deferral and Recognition
• B. Offsets and Recognition
• C. Reversal and Recognition
• D. Multiperiod and Recognition

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

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

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. There is no required action. The mapping addition is complete.
• C. Activate the accounting method.
• D. Activate the journal entry rule set.

Given the business use case:
'Insurances for Homes'company provides home insurance services. They have an in-house built system that processes 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 auditablerepository. Access will be limited to selective staff members. Additionally, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journal line?

• A. Assign a line classification or line type attribute.
• B. You do not need to do anything additional.
• C. Assign a custom formula.
• D. Assign an accounting attribute.

While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

• A. The account rule is defined with a different chart of accounts from the journal entry rule set.
• B. The account rule is defined with conditions that are not allowing the assignment.
• C. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
• D. The account rule does not return any valid account value.