1Z1-1074 by Oracle Actual Free Exam Q&As

Question 1

You need to simulateand estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A. Cost Scenario B. Orders C. Routes D. Trade Operation E. Charge Name

Discussion 0

Correct Answer: D Vote an answer

Question 2

Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A. Turn on detailed posting for GL in the ledger setup. B. Extract distribution accounting entries. C. Turn off merge matching lines in the journal line rule. D. Turn off thesummarize flag in the journal line rule. E. Write a custom report.

Discussion 0

Correct Answer: C Vote an answer

Question 3

Your client wants to set up some of their items as expenseitems and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. B. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes". C. Configure Procurement Business Function > Select the business unit > Set SelectReceipt Close Point to Accrue at Period End. D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt. E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. F. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory AssetValue is set to "No".

Discussion 0

Correct Answer: A,C Vote an answer

Question 4

Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

A. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End. B. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes". C. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. D. Configure ProcurementBusiness Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt. E. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No". F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End.

Discussion 0

Correct Answer: A,D Vote an answer

Question 5

After "Cost AccountingProcessor" has processed the physical inventory classification of transactions which transaction types will it process next?

A. Adjustments B. Cost of Goods Sold C. In-transit D. Retro-reprice E. Overhead

Discussion 0

Correct Answer: E Vote an answer

Question 6

You have just finished modifying an accounting method. What is thefinal step to complete the accounting method configuration?

A. Transfer transactions from Receiving to Costing. B. Transfer costs to Cost Management. C. Activate its journal entry rule set assignments. D. Create Accounting. E. Execute thePreprocessor.

Discussion 0

Correct Answer: C Vote an answer

Question 7

You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan
B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

A. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them. B. The cost planning scenario will use both work definitions for the item. C. The scenario will choose the work definition that is production priority 1. D. The application will use the work definition that isnamed Plan B. E. The application will generate an error because there are two work definitions for the same item.

Discussion 0

Correct Answer: C Vote an answer

Question 8

Which two rules determine whether a condition has been met for accounting rules?

A. When the condition is met, the rule associated with thatpriority is used. B. After all conditions are tested, the final resulting value isused. C. Priorities determine the order in which accounting rule conditions are examined. D. Use parenthesis to control the order of the condition evaluation. E. The conditions are evaluated in the sequence they are defined in the accounting rule.

Discussion 0

Correct Answer: A,E Vote an answer

Oracle Cost Management Cloud 2019 Implementation Essentials - 1Z1-1074 Exam Practice Test