Oracle Cost Management Cloud 2019 Implementation Essentials

Question 1

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

A. In-transit

B. Adjustments

C. Overhead

D. Retro-reprice

E. Cost of Goods Sold

Correct Answer: C

Question 2

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. Suspense accounts cannot be used.

C. An error will always occur.

D. The preprocessor willpre-warn about this error.

E. The original account is stored on the journal line.

Correct Answer: A,E

Explanation: Only visible for Actualtests4sure members. You can sign-up / login (it's free).

Question 3

Identify two characteristics of an expense pool. (Choose two.)

A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto thebalance sheet as inventory value.

B. It isused only for analyzing gross margins on noninventory sales of services.

C. You can define the name of your expense pool, but you cannot define more than one.

D. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

Correct Answer: A,D

Question 4

A chart of accounts (COA) must be specified on the accounting method for which two situations?

A. When account combination rules use constants

B. When using account combination rules

C. When usingsegment rules

D. Every accounting method should have a COA.

E. When using ledgers that have unique accounting requirements

Correct Answer: C,D

Question 5

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. Receivables invoices; actual cost can be used.

C. Requisition costs; validated costs can be used.

D. Payables invoices; invoice price variance can be added to item cost.

E. Receipt costs; costs include adjustments.

Correct Answer: B

Question 6

Identify two characteristics of a cost profile.

A. It is where you define your Cost Accounting policies.

B. It is used for calculating the estimated cost of manufactured items under different scenarios.

C. It is used for Receipt Accounting.

D. It is where you define which cost method you want to use for the costcomponent to cost element mapping.

Correct Answer: A,C

Question 7

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. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task

B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.

C. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

D. Run the "Activate Accounting Methods" process.

E. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.

Correct Answer: B,E

Question 8

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A. Uninvoiced Receipt Accrual Report

B. Accrual Reconciliation Report

C. Receipt Accounting Real Time Report

D. Accrual Supplier Liability Report

E. Accrual Clearing Report

Correct Answer: B

Explanation: Only visible for Actualtests4sure members. You can sign-up / login (it's free).

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

Latest Update

Useful Links

Contact Us