Pass Oracle 1z0-1074-23 Exam with Guarantee Updated 80 Questions
Latest 1z0-1074-23 Pass Guaranteed Exam Dumps Certification Sample Questions
NEW QUESTION # 17
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 not associated with any chart of accounts
- B. Rule sets where the accounting rules override the method rule set
- C. Rule sets assigned to a secondary ledger with a different COA
- D. Rule sets that have a mapping set to convert the accounts
- E. Rule sets that use the same chart of accounts
Answer: A,E
NEW QUESTION # 18
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Purchasing
- B. Order Management
- C. Financial Orchestration
- D. Inventory
- E. Shipping
Answer: C
NEW QUESTION # 19
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- B. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
- C. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- D. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
- E. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
Answer: D
NEW QUESTION # 20
Which three tasks can be completed in the Receipt Accounting work area?
- A. Create Receipt Accounting Distributions
- B. Review and Approve Item Cost Profiles
- C. Manage Accrual Clearing Rules
- D. Create Accounting
- E. Review Item Costs
- F. Review Cost Accounting Distributions
Answer: A,C,F
NEW QUESTION # 21
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- B. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
- C. It can help you with consolidated financial reporting.
- D. It can help you understand true margins and value added by internal business units through the internal supply chain.
- E. It is only used when you do not need to maintain an arm's length relationship.
Answer: A,C,D
NEW QUESTION # 22
Which three features are included in Receipt Accounting?
- A. Analyze Standard Purchase Cost Variances
- B. Review Journal Entries
- C. Create Receipt Accounting Distribution
- D. Adjust Receipt Accrual Clearing Balances
- E. Review Item Costs
Answer: B,C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-acco
NEW QUESTION # 23
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Transactions from Procurement to Costing process.
- B. Run the Create Accounting process.
- C. Run the Clear Receipt Accrual Balances process.
- D. Run the Transfer Costs from Payables to Cost Management process.
- E. Run the Transactions from Receiving to Costing process.
Answer: E
NEW QUESTION # 24
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 Receipt Close tolerance so it is 100 percent.
- C. Change the Purchasing Line types to 4-way match.
- D. Change expense items to accrue at period end.
- E. Change the Purchasing Line types to 3-way match.
Answer: C,E
NEW QUESTION # 25
In which two scenarios would you define account rules based on value sets?
- A. When there is a mapping set to convert the accounts
- B. In the absence of a chart of accounts on the accounting method
- C. If a segment shares the same value set across multiple chart of accounts
- D. When a chart of accounts is assigned to the value set definition
- E. When a secondary ledger has a different COA
Answer: A,C
NEW QUESTION # 26
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- B. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
- C. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- D. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- E. Run the "Activate Accounting Methods" process.
Answer: A,B
NEW QUESTION # 27
What are three cost method choices that are available in Cost Accounting?
- A. Perpetual average cost
- B. Standard cost
- C. Periodic average cost
- D. Actual cost (LIFO or Last In First Out)
- E. Period end average cost
- F. Actual cost (FIFO or First In First Out)
Answer: A,D,F
NEW QUESTION # 28
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
- A. Financials-Subledger Accounting-Detail Transactions
- B. Receipt Accounting-- Receipt Accounting Transactions Real Time
- C. Costing -Receipt Accounting Real Time
- D. Costing-Cost Accounting Real Time
- E. Receipt Accounting- Receipt Accounting Distributions Real Time
Answer: A
NEW QUESTION # 29
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Estimating Standard Costs for Assemblies
- B. Review Work Order Costs
- C. Manage Resource Rates
- D. Management Cost Accounting Periods
- E. Analyzing and Comparing Costs
- F. Review Item Costs
Answer: A,C,E
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION # 30
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Item Catalog/Inventory Organization/Business Unit
- B. Business Unit/Landed Cost Charge/Cost Organization
- C. Inventory Organization/Landed Cost Charge/Third Party Supplier
- D. Item/Business Unit/Route
- E. Item Category/Material Supplier/Landed Cost Charge
Answer: A
NEW QUESTION # 31
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. The cost planning scenario will use both work definitions for the item.
- B. The scenario will choose the work definition that is production priority 1.
- C. The application will generate an error because there are two work definitions for the same item.
- D. The application will use the work definition that is named Plan B.
- E. 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.
Answer: B
NEW QUESTION # 32
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost is calculated for every possible combination of options under a model
- B. It is based on the actual cost of the work order after it is completed.
- C. It is based on the material and resource requirements of a released work order.
- D. The standard cost of a model item is calculated.
Answer: D
NEW QUESTION # 33
Which two rules determine whether a condition has been met for accounting rules?
- A. Use parenthesis to control the order of the condition evaluation.
- B. Priorities determine the order in which accounting rule conditions are examined.
- C. The conditions are evaluated in the sequence they are defined in the accounting rule.
- D. When the condition is met, the rule associated with that priority is used.
- E. After all conditions are tested, the final resulting value is used.
Answer: B,D
NEW QUESTION # 34
Which two statements are true about Cost Accounting books? (Choose two.)
- A. Every cost organization must use different book names; they cannot be shared.
- B. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
- C. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
- D. A cost organization has one book that posts to the primary ledger.
Answer: C,D
NEW QUESTION # 35
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
- A. Internal requisition number
- B. Receipt number
- C. Shipment number
- D. Expense invoice number
- E. Bill of Lading
Answer: C,E
NEW QUESTION # 36
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: Period End Accrual Event Type: Period End Accrual
- B. Event Class: Expense Accrual Event Type: Period End Accrual
- C. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
- D. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
- E. Event Class: Expense Accrual Event Type: Expense Accrual
Answer: A
NEW QUESTION # 37
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
- A. Change the number of maximum open periods in Manage Cost Organization Relationships
- B. Run the Transfer Transactions to Costing process.
- C. Close the August period; you can never have two open periods at the same time.
- D. Perform cost account validations for August in Manage Cost Accounting Periods
Answer: A
NEW QUESTION # 38
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You can control which definitions are visible to different cost organizations
- B. You can streamline your setup effort.
- C. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- D. You have the option to share setup data across all cost organizations using the common set.
- E. You can share definitions across multiple cost organizations.
- F. You don't have to create any definitions for cost books.
Answer: B,C,D,E
NEW QUESTION # 39
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. The liability for a consigned item occurs when there is an ownership event.
- B. There is no difference between owned inventory and consigned inventory.
- C. The quantity is tracked in inventory but not as an asset until there is an ownership event
- D. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
- E. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
- F. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
Answer: A,B,D,F
NEW QUESTION # 40
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. It will use the work definition with the January 2, 2016 effective date.
- B. It must always use the work definition with the October 1, 2015 effective date.
- C. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
- D. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
Answer: C
NEW QUESTION # 41
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