The Best Oracle 1z0-1074-20 Study Guides and Dumps of 2022
Top Oracle 1z0-1074-20 Exam Audio Study Guide! Practice Questions Edition
Oracle 1z0-1074-20 Exam Syllabus Topics:
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NEW QUESTION 46
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 47
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. Burdens have not been established for the item
- D. The item has no on-hand inventory.
- E. The Work Definition is incomplete.
Answer: B,E
NEW QUESTION 48
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. The original account is stored on the journal line.
- C. An error will always occur.
- D. The preprocessor will pre-warn about this error.
- E. Suspense accounts cannot be used.
Answer: A,B
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION 49
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 50
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Manage the Item Cost task.
- B. Manage the Standard Cost task.
- C. Create Standard Cost in a spreadsheet.
- D. Import standard costs from receipt layers.
Answer: A,C
NEW QUESTION 51
Which four steps need to be completed to establish standard costs for a make item?
- A. Export item costs.
- B. Add standard costs to a cost scenario.
- C. Complete cost roll-up.
- D. Publish costs
- E. Run preprocessor.
- F. Create a new cost scenario.
Answer: A,C,D,E
NEW QUESTION 52
Which three tasks can be completed in the Receipt Accounting work area?
- A. Review Item Costs
- B. Create Accounting
- C. Review Cost Accounting Distributions
- D. Manage Accrual Clearing Rules
- E. Review and Approve Item Cost Profiles
- F. Create Receipt Accounting Distributions
Answer: C,D,F
NEW QUESTION 53
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
- A. Create Data Access on the Cost Accountant role for the correct inventory organization.
- B. Create Data Access on the Cost Accountant role for the correct cost organization.
- C. Create Data Access on the Accounts Payable role for the correct inventory organization.
- D. Create Data Access on the Accounts Payable role for the correct cost organization.
Answer: D
NEW QUESTION 54
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
- B. There is no difference between owned inventory and consigned inventory.
- C. The liability for a consigned item occurs when there is an ownership event.
- D. The quantity is tracked in inventory but not as an asset until there is an ownership event
- E. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
- F. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
Answer: A,B,C,E
NEW QUESTION 55
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 56
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 57
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 58
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Item Category/Material Supplier/Landed Cost Charge
- B. Item Catalog/Inventory Organization/Business Unit
- C. Business Unit/Landed Cost Charge/Cost Organization
- D. Inventory Organization/Landed Cost Charge/Third Party Supplier
- E. Item/Business Unit/Route
Answer: B
NEW QUESTION 59
Which two rules determine whether a condition has been met for accounting rules?
- A. After all conditions are tested, the final resulting value is used.
- B. The conditions are evaluated in the sequence they are defined in the accounting rule.
- C. When the condition is met, the rule associated with that priority is used.
- D. Priorities determine the order in which accounting rule conditions are examined.
- E. Use parenthesis to control the order of the condition evaluation.
Answer: B,C
NEW QUESTION 60
What are three cost method choices that are available in Cost Accounting?
- A. Periodic average cost
- B. Actual cost (LIFO or Last In First Out)
- C. Actual cost (FIFO or First In First Out)
- D. Period end average cost
- E. Standard cost
- F. Perpetual average cost
Answer: B,C,F
NEW QUESTION 61
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Product Model
- B. Inventory Management
- C. Cost Accounting
- D. Receipt Accounting
- E. Landed Cost Management
Answer: B
NEW QUESTION 62
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 63
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