Oracle Cost Management Cloud 2018 Implementation Essentials

Question 1

Identify four features provided by the Review Work Order Costs UI when displaying work order

A. Standard Cost variances

B. Scrap Costs

C. Input Costs

D. Output Costs

E. Incremental Costs

F. Variable Costs

Correct Answer: A,C,D,F

Question 2

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

B. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

C. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

D. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

E. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

Correct Answer: D

Question 3

Which four predefined costing reports can you use to gather information to review inventory value?

A. Inventory Valuation Report

B. COGS and Revenue Matching Report

C. Work in Process Inventory Valuation Report

D. Costing Account Balances Report

E. Layer Inventory Valuation Report

F. Cost Accounting Valuation Report

G. In-transit Valuation Report

Correct Answer: C,D,E,G

Question 4

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

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Question 5

Select two ways to define the standard cost for an item from the Cost Accounting work area.

A. Create Standard Cost in a spreadsheet.

B. Manage the Standard Cost task.

C. Manage the Item Cost task.

D. Import standard costs from receipt layers.

Correct Answer: A,C

Question 6

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A. Routes

B. Trade Operation Template

C. Reference Types

D. Material Receipts

E. Charge Names

Correct Answer: D

Question 7

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

C. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

Correct Answer: E

Question 8

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. Manually create one valuation unit for the normal goods subinventories and one valuation unit 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 cost profile for the normal goods subinventories and one cost profile 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. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

Correct Answer: D

Oracle Cost Management Cloud 2018 Implementation Essentials - 1Z1-1024 Exam Practice Test

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