Ultimate Guide to Prepare 1z0-1074-20 with Accurate PDF Questions [Nov 28, 2021]
Pass Oracle With Actualtests4sure Exam Dumps
NEW QUESTION 37
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Order Management
- B. Shipping
- C. Financial Orchestration
- D. Purchasing
- E. Inventory
Answer: C
NEW QUESTION 38
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 39
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When account combination rules use constants
- B. Every accounting method should have a COA.
- C. When using segment rules
- D. When using account combination rules
- E. When using ledgers that have unique accounting requirements
Answer: B,C
NEW QUESTION 40
Identify two characteristics of Landed Cost charge names.
- A. Charge names cannot be associated with a PO schedule.
- B. You can modify a charge name until it is associated with a trade operation.
- C. You can use multiple currencies within a trade operation for the same charge name on different lines.
- D. Duty is a seeded charge name for Landed Cost.
- E. Charge names cannot be used to tie an invoice to a trade operation.
Answer: B,C
NEW QUESTION 41
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 Accounting for Costing 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 Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No
- C. 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
- D. 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
- 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: A
NEW QUESTION 42
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory. Lot, Serial, Grade
- B. Grade, Serial, Group, Lot
- C. Grade, Subinventory, Locator, Serial
- D. Subinventory, Lot, Serial, Locator
- E. Subinventory, Make, Lot, Serial
Answer: A
NEW QUESTION 43
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 Item Cost task.
- C. Manage the Standard Cost task.
- D. Import standard costs from receipt layers.
Answer: A,B
NEW QUESTION 44
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 application will use the work definition that is named Plan B.
- B. The cost planning scenario will use both work definitions for the item.
- C. 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.
- D. The application will generate an error because there are two work definitions for the same item.
- E. The scenario will choose the work definition that is production priority 1.
Answer: E
NEW QUESTION 45
Identify four processors available in the cost processor.
- A. Cost Reports Processor
- B. Costing Period Processor
- C. Cost Distribution Processor
- D. Receipt Processor
- E. Cost of Goods Sold Processor
- F. Cost Accounting Processor
Answer: A,C,E,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.html#FAPMA146491
NEW QUESTION 46
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
- A. Legal Entity and Cost Organization
- B. Inventory Organization and Legal Entity
- C. Inventory Organization and Cost Organization
- D. Business Unit and Legal Entity
- E. Business Unit and Cost Organization
- F. Business Unit and Inventory Organization
Answer: F
NEW QUESTION 47
Identify four characteristics of a cost element.
- A. The mapping of cost components into cost elements is user-defined.
- B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- C. It is the granularity at which costs are tracked and accounted.
- D. It uses date effectivity.
- E. It is user-defined.
- F. Users can define any number of cost elements.
Answer: A,B,D,E
NEW QUESTION 48
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Accrual Supplier Liability Report
- B. Accrual Clearing Report
- C. Receipt Accounting Real Time Report
- D. Accrual Reconciliation Report
- E. Uninvoiced Receipt Accrual Report
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION 49
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Review Item Costs
- B. Manage Resource Rates
- C. Manage Cost Accounting Periods
- D. Analyzing and Comparing Costs
- E. Review Work Order Costs
- F. Estimating Standard Costs for Assemblies
Answer: B,E,F
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION 50
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. Never Opened
- B. Closed
- C. Permanently Closed
- D. Close Pending
- E. Open
Answer: B
NEW QUESTION 51
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their audit receipt accrual clearing balances.
- B. Review their accrual balances and clear them.
- C. Review their Receipt Accounting processes that show whether any processes failed and why.
- D. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
Answer: B,D
NEW QUESTION 52
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 cost component to cost element mapping.
Answer: A,C
NEW QUESTION 53
Which three features are included in Receipt Accounting?
- A. Review Item Costs
- B. Analyze Standard Purchase Cost Variances
- C. Review Journal Entries
- D. Adjust Receipt Accrual Clearing Balances
- E. Create Receipt Accounting Distribution
Answer: C,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-accounting.html#FAIMS1921270
NEW QUESTION 54
Which two steps need to be completed to estimate landed costs?
- A. Update standard costs.
- B. Prepare the Material Purchase Order Data process.
- C. Allocate charges
- D. Transfer transactions from the Payables to the Costing process.
- E. Transfer transactions from the Inventory to the Costing process.
Answer: A,C
NEW QUESTION 55
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, Review Journal Entries, Receipt Accounting Transactions
- B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
- C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
- D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
Answer: E
NEW QUESTION 56
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. Receipt Accounting- Receipt Accounting Distributions Real Time
- B. Costing -Receipt Accounting Real Time
- C. Receipt Accounting-- Receipt Accounting Transactions Real Time
- D. Financials-Subledger Accounting-Detail Transactions
- E. Costing-Cost Accounting Real Time
Answer: D
NEW QUESTION 57
Identify two ways that standard cost is calculated.
- A. The cost of a configured item is calculated based on the work definition of the model item.
- B. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- C. The standard cost is the sum of the cost of the selected option items.
- D. Users must manually enter the cost of each configured item; the calculation is not automated.
- E. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
Answer: B,C
NEW QUESTION 58
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. Outstanding purchase orders have not been received.
- B. The assembly item is marked as Perpetual Average costed.
- C. The item has no on-hand inventory.
- D. The Work Definition is incomplete.
- E. Burdens have not been established for the item
Answer: B,D
NEW QUESTION 59
......
Oracle 1z0-1074-20 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| 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 |
|
| Topic 15 |
|
| Topic 16 |
|
Latest 1z0-1074-20 Exam Dumps - Valid and Updated Dumps: https://www.actualtests4sure.com/1z0-1074-20-test-questions.html
