Oracle Cost Management Cloud 2022 Implementation Professional

Question 1

An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A. Turn on the Subledger Gain or Loss Option.

B. Create a foreign reporting currency to track gain/loss.

C. Subledger Accounting is already set up to process it.

D. Create a secondary ledger to track gain/loss.

Correct Answer: B

Question 2

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

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 3

A technician reported that the travel time calculated between appointments is often two short because job delays throughout the day.
Which setting should a consultant consider to improve travel time accuracy?

A. Travel speed unit, actual travel time

B. Minimum grade, default operating hour

C. Estimated travel time, minimize travel

D. Street level routing, Default travel speed

Correct Answer: D

Question 4

Universal Containers is deploying Field Service Lightning in Europe, where pricing varies by country.
What Price Book structure is recommended?

A. Utilize the standard Price Book with pricing rules applied.

B. Utilize a custom Price Book with pricing rules applied.

C. Utilize a custom Price Book specific to each country.

D. Utilize a standard Price Book specific to each country.

Correct Answer: C

Question 5

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. Routes

B. Orders

C. Trade Operation

D. Cost Scenario

E. Charge Name

Correct Answer: C

Question 6

A manager has decided to closethe 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. Close Pending

B. Closed

C. Open

D. Never Opened

E. Permanently Closed

Correct Answer: B

Question 7

Identify three Landed Cost Management tasks.

A. Create Accounting

B. Review Journal Entries

C. Perform Allocations

D. Capture Charges

E. Manage Cost Scenarios

F. View Rolled Up Costs

Correct Answer: A,C,D

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Question 8

Universal containers requires trained inspectors to make three site visits per year to inspect containers sites. These visits must be scheduled within 14 days of the inspection due date.
What are two ways s consultant can configure maintenance plans to meet the requirement? Choose 2 answer

A. Associate a required skill called site visit to a maintenance plan.

B. Auto-generate work orders with a 14-day Generation timeframe.

C. Associate a work type called site visit to a maintenance plan.

D. Auto-generate work orders with a 14-day Generation horizon.

Correct Answer: C,D

Question 9

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. Rulesets that use the same chart of accounts

B. Rule sets not associated with any chart of accounts

C. Rule sets where the accounting rules override the method rule set

D. Rule sets that have a mapping set to convert the accounts

E. Rule sets assigned to a secondary ledger with a different COA

Correct Answer: C,E

Question 10

universal containers wants to provide a view of emergency work that is only visible to dispatchers What should the consultant do to meet the requirement?

A. Custom gantt filter

B. Custom lightning component

C. Custom list view

D. Custom report in a private report folder

Correct Answer: A

Oracle Cost Management Cloud 2022 Implementation Professional - 1z0-1074-22 Exam Practice Test

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