1z0-1074-23 by Oracle Actual Free Exam Q&As

Question 1

You need to simulate and 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

Which three tasks can be completed in the Receipt Accounting work area?

A. Review Item Costs B. Manage Accrual Clearing Rules C. Create Receipt Accounting Distributions D. Review and Approve Item Cost Profiles E. Create Accounting F. Review Cost Accounting Distributions

Discussion 0

Correct Answer: B,C,F Vote an answer

Question 3

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. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No". E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt. 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: C,D Vote an answer

Question 4

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A. Rule sets where the accounting rules override the method rule set B. Rule sets assigned to a secondary ledger with a different COA C. Rule sets that use the same chart of accounts D. Rule sets that have a mapping set to convert the accounts E. Rule sets not associated with any chart of accounts

Discussion 0

Correct Answer: C,E Vote an answer

Question 5

Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A. Expense invoice number B. Shipment number C. Receipt number D. Bill of Lading E. Internal requisition number

Discussion 0

Correct Answer: B,D Vote an answer

Question 6

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction. B. The liability for a consigned item occurs when there is an ownership event. C. There is no difference between owned inventory and consigned inventory. D. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item. E. The quantity is tracked in inventory but not as an asset until there is an ownership event F. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Discussion 0

Correct Answer: B,C,D,F Vote an answer

Question 7

Which four steps need to be completed to establish standard costs for a make item?

A. Run preprocessor B. Export item costs C. Complete cost roll-up D. Publish costs E. Create a new cost scenario F. Add standard costs to a cost scenario

Discussion 0

Correct Answer: C,D,E,F Vote an answer

Question 8

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A. Business Unit and Legal Entity B. Legal Entity and Cost Organization C. Business Unit and Inventory Organization D. Inventory Organization and Legal Entity E. Inventory Organization and Cost Organization F. Business Unit and Cost Organization

Discussion 0

Correct Answer: C Vote an answer

Oracle Cost Management Cloud 2023 Implementation Essentials - 1z0-1074-23 Exam Practice Test