Authentic Best resources for 1z0-1074-20 Test Engine Practice Exam
[2022] 1z0-1074-20 PDF Questions - Perfect Prospect To Go With Prep4sureExam Practice Exam
Oracle 1z0-1074-20 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
| Topic 9 |
|
| Topic 10 |
|
| Topic 11 |
|
| Topic 12 |
|
| Topic 13 |
|
| Topic 14 |
|
NEW QUESTION 33
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Financial Orchestration
- B. Shipping
- C. Order Management
- D. Inventory
- E. Purchasing
Answer: A
NEW QUESTION 34
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. If a segment shares the same value set across multiple chart of accounts
- C. When a secondary ledger has a different COA
- D. In the absence of a chart of accounts on the accounting method
- E. When a chart of accounts is assigned to the value set definition
Answer: A,B
NEW QUESTION 35
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are a. Why can't you see this process?
- A. This process can only be scheduled and run from the Receipt Accounting work area
- B. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- C. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- D. You do not have the role to import purchase order information into Receipt Accounting.
- E. Purchase order information should not be imported into Receipt Accounting.
Answer: B
NEW QUESTION 36
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Line Type must be set to Freight.
- B. Create a condition for a journal line for freight.
- C. Sub ledger accounting is set up to accomplish this out-of-the-box.
- D. Account Class must be set to Freight.
Answer: A,D
NEW QUESTION 37
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
- B. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- C. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- 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.
Answer: D,E
NEW QUESTION 38
Which two steps need to be completed to estimate landed costs?
- A. Update standard costs.
- B. Allocate charges
- C. Transfer transactions from the Payables to the Costing process.
- D. Prepare the Material Purchase Order Data process.
- E. Transfer transactions from the Inventory to the Costing process.
Answer: A,B
NEW QUESTION 39
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing
- B. Purchase Variance Summary
- C. Journal Entries
- D. Cost Processing
- E. Work Order Costs
- F. Inventory Valuation
Answer: A,D,F
NEW QUESTION 40
Identify two characteristics of a cost profile.
- A. It is where you define which cost method you want to use for the cost component to cost element mapping.
- B. It is used for Receipt Accounting.
- C. It is where you define your Cost Accounting policies.
- D. It is used for calculating the estimated cost of manufactured items under different scenarios.
Answer: B,C
NEW QUESTION 41
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. Accounting rules cannot override the accounting method.
- B. The accounting method can be assigned to any ledger.
- C. The accounting method may only be used by ledgers without a COA.
- D. The accounting method must have a mapping set to convert the accounts.
- E. Any secondary ledger that uses the method cannot have a COA.
Answer: A
NEW QUESTION 42
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. Create distributions.
- B. Transfer transactions from receiving.
- C. Assign accruals to purchase order transactions.
- D. Transfer transactions from payables.
- E. Transfer to Sub ledger Accounting.
Answer: A
NEW QUESTION 43
You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
- A. Trade Operation
- B. Routes
- C. Charge Name
- D. Trade Operation Templates
- E. Reference Types
Answer: E
NEW QUESTION 44
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
- A. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No
- B. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail* Transfer to General Ledger = No * Post in General Ledger = No
- C. Run the Transfer Transactions from Inventory to Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No
- D. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No
- E. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No
Answer: B
NEW QUESTION 45
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
- A. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- B. Product Information Item > 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 Item > 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 Period End.
- F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
Answer: C,E
NEW QUESTION 46
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
- A. Closed
- B. Close Pending
- C. Permanently Closed
- D. Never Opened
- E. Open
Answer: A
NEW QUESTION 47
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You don't have to create any definitions for cost books.
- B. You can control which definitions are visible to different cost organizations
- C. You can share definitions across multiple cost organizations.
- D. You can streamline your setup effort.
- E. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- F. You have the option to share setup data across all cost organizations using the common set.
Answer: C,D,E,F
NEW QUESTION 48
Identify four processors available in the cost processor.
- A. Cost of Goods Sold Processor
- B. Costing Period Processor
- C. Receipt Processor
- D. Cost Reports Processor
- E. Cost Distribution Processor
- F. Cost Accounting Processor
Answer: A,D,E,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.html#FAPMA146491
NEW QUESTION 49
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. Close the August period; you can never have two open periods at the same time.
- C. Perform cost account validations for August in Manage Cost Accounting Periods
- D. Run the Transfer Transactions to Costing process.
Answer: D
NEW QUESTION 50
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?
- A. Refer to the Accounting Event Diagnostic report.
- B. Review errors in the Create Accounting Execution report.
- C. Query the transaction from Review Cost Accounting Distributions to see the error message.
- D. Refer to the Accounting Event Diagnostic log.
E Review errors in the Create Accounting Execution log.
Answer: B
NEW QUESTION 51
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
- A. Purchase order costs; item catalog costs can be used.
- B. Receipt costs; costs include adjustments.
- C. Receivables invoices; actual cost can be used.
- D. Payables invoices; invoice price variance can be added to item cost.
- E. Requisition costs; validated costs can be used.
Answer: C
NEW QUESTION 52
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
- A. Business Unit and Cost Organization
- B. Business Unit and Legal Entity
- C. Business Unit and Inventory Organization
- D. Inventory Organization and Cost Organization
- E. Legal Entity and Cost Organization
- F. Inventory Organization and Legal Entity
Answer: C
NEW QUESTION 53
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 Distributions Real Time
- C. Costing-Cost Accounting Real Time
- D. Costing -Receipt Accounting Real Time
- E. Receipt Accounting-- Receipt Accounting Transactions Real Time
Answer: A
NEW QUESTION 54
Identify two ways that standard cost is calculated.
- A. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
- B. The cost of a configured item is calculated based on the work definition of the model item.
- C. The standard cost is the sum of the cost of the selected option items.
- D. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- E. Users must manually enter the cost of each configured item; the calculation is not automated.
Answer: C,D
NEW QUESTION 55
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions with the lowest production cost
- B. Work definitions with specific unit numbers
- C. Work definitions with the highest costing priority
- D. Work definitions with the highest production priority
- E. Work definitions without alternates
Answer: A,B
NEW QUESTION 56
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Overhead
- B. Cost of Goods Sold
- C. In-transit
- D. Adjustments
- E. Retro-reprice
Answer: A
NEW QUESTION 57
Identify the four types of cost adjustments.
- A. A change to a requisition after the purchase order has been created will create a cost adjustment.
- B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
- C. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchase order.
- D. A standard cost update will create an inventory value adjustment.
- E. Authorized users can manually create cost adjustments.
- F. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
Answer: A,B,E,F
NEW QUESTION 58
......
Best updated resource for 1z0-1074-20 Online Practice Exam: https://www.prep4sureexam.com/1z0-1074-20-dumps-torrent.html