[Jun 23, 2024] Fully Updated Cost Management Cloud (1z0-1074-23) Certification Sample Questions
Latest Oracle 1z0-1074-23 Real Exam Dumps PDF
NEW QUESTION # 39
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
- A. Assign accruals to purchase order transactions.
- B. Transfer to Sub ledger Accounting.
- C. Create distributions.
- D. Transfer transactions from receiving.
- E. Transfer transactions from payables.
Answer: C
NEW QUESTION # 40
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
- A. Execute the Preprocessor.
- B. Activate its journal entry rule set assignments.
- C. Create Accounting.
- D. Transfer transactions from Receiving to Costing.
- E. Transfer costs to Cost Management.
Answer: B
NEW QUESTION # 41
Which three tasks can be completed in the Receipt Accounting work area?
- A. Manage Accrual Clearing Rules
- B. Review Item Costs
- C. Create Receipt Accounting Distributions
- D. Review and Approve Item Cost Profiles
- E. Review Cost Accounting Distributions
- F. Create Accounting
Answer: A,C,E
NEW QUESTION # 42
You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?
- A. Change inventory items to accrue at period end.
- B. Change the Purchasing Line types to 3-way match.
- C. Change the Receipt Close tolerance so it is 100 percent.
- D. Change the Purchasing Line types to 4-way match.
- E. Change expense items to accrue at period end.
Answer: B,D
NEW QUESTION # 43
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You have the option to share setup data across all cost organizations using the common set.
- B. You can streamline your setup effort.
- C. You can control which definitions are visible to different cost organizations
- D. You don't have to create any definitions for cost books.
- E. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- F. You can share definitions across multiple cost organizations.
Answer: A,B,E,F
NEW QUESTION # 44
At what level can you define item cost profiles?
- A. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
- B. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- C. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- D. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
Answer: A
NEW QUESTION # 45
Which three features are included in Receipt Accounting?
- A. Create Receipt Accounting Distribution
- B. Adjust Receipt Accrual Clearing Balances
- C. Review Item Costs
- D. Analyze Standard Purchase Cost Variances
- E. Review Journal Entries
Answer: A,B,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-acco
NEW QUESTION # 46
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. It only affects whether or not you can process a cost adjustment.
- B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
- C. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
- D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
Answer: B
NEW QUESTION # 47
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?
- A. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
- B. Event Class: Expense Accrual Event Type: Expense Accrual
- C. Event Class: Period End Accrual Event Type: Period End Accrual
- D. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
- E. Event Class: Expense Accrual Event Type: Period End Accrual
Answer: C
NEW QUESTION # 48
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)
- A. Refer to the Accounting Event Diagnostic report.
- B. Refer to the Accounting Event Diagnostic Log.
- C. Review errors in the Create Accounting Execution report.
- D. Review errors in the Create Accounting Execution log.
- E. Query the transaction from Review Cost Accounting Distributions to see the error message.
Answer: A,C,E
NEW QUESTION # 49
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Business Unit/Landed Cost Charge/Cost Organization
- B. Item Catalog/Inventory Organization/Business Unit
- C. Item Category/Material Supplier/Landed Cost Charge
- D. Inventory Organization/Landed Cost Charge/Third Party Supplier
- E. Item/Business Unit/Route
Answer: B
NEW QUESTION # 50
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- B. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- C. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- D. They must create their valuation units manually.
Answer: B
NEW QUESTION # 51
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. In-transit Valuation Report
- B. Work in Process Inventory Valuation Report
- C. Inventory Valuation Report
- D. COGS and Revenue Matching Report
- E. Layer Inventory Valuation Report
- F. Cost Accounting Valuation Report
- G. Costing Account Balances Report
Answer: A,C,E,G
NEW QUESTION # 52
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. The assembly item is marked as Perpetual Average costed.
- B. Burdens have not been established for the item
- C. The item has no on-hand inventory.
- D. The Work Definition is incomplete.
- E. Outstanding purchase orders have not been received.
Answer: A,D
NEW QUESTION # 53
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?
- A. You do not have the role to import purchase order information into Receipt Accounting.
- B. This process can only be scheduled and run from the Receipt Accounting work area
- C. Purchase order information should not be imported into Receipt Accounting.
- D. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- E. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
Answer: D
NEW QUESTION # 54
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An alternate account will be used if provided.
- B. The original account is stored on the journal line.
- C. Suspense accounts cannot be used.
- D. The preprocessor will pre-warn about this error.
- E. An error will always occur.
Answer: A,B
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION # 55
......
Oracle 1z0-1074-23 Dumps - Secret To Pass in First Attempt: https://pdfexamfiles.actualtestsquiz.com/1z0-1074-23-test-torrent.html
