(Sep-2022) 1Z0-1074-21 Exam Dumps Contains FREE Real Quesions from the Actual Exam
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NEW QUESTION 23
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Purchasing
- B. Shipping
- C. Financial Orchestration
- D. Inventory
- E. Order Management
Answer: C
NEW QUESTION 24
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost is calculated for every possible combination of options under a model
- B. It is based on the material and resource requirements of a released work order.
- C. The standard cost of a model item is calculated.
- D. It is based on the actual cost of the work order after it is completed.
Answer: C
NEW QUESTION 25
In which two scenarios would you define account rules based on value sets?
- A. In the absence of a chart of accounts on the accounting method
- B. If a segment shares the same value set across multiple chart of accounts
- C. When there is a mapping set to convert the accounts
- D. When a chart of accounts is assigned to the value set definition
- E. When a secondary ledger has a different COA
Answer: B,C
NEW QUESTION 26
Identify two purposes of Sub ledger Accounting.
- A. to calculate costs for transactions
- B. to maintain backward compatibility
- C. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- D. to centralize accounting string generation across all modules
- E. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
Answer: A,E
NEW QUESTION 27
Identify three characteristics of cost component to cost element mapping.
- A. It lets you define how cost component level costs will map into cost elements.
- B. It is user-defined.
- C. It is one of the attributes you define as part of your cost profile definitions.
- D. You can only define one cost component to cost element mapping for an installation.
- E. You cannot modify, duplicate, or create user-defined cost components.
Answer: A,B,C
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION 28
Identify three Landed Cost Management tasks.
- A. Review Journal Entries
- B. Perform Allocations
- C. Create Accounting
- D. Capture Charges
- E. Manage Cost Scenarios
- F. View Rolled Up Costs
Answer: B,C,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem
NEW QUESTION 29
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
- A. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- B. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- C. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. - E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
Answer: D,F
NEW QUESTION 30
At what level can you define item cost profiles?
- A. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- B. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- C. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- D. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
Answer: C
NEW QUESTION 31
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. They must create their valuation units manually.
- B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- C. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- D. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
Answer: C
NEW QUESTION 32
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?
- A. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
- B. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
- C. Event Class: Period End Accrual Event Type: Period End Accrual
- D. Event Class: Expense Accrual Event Type: Expense Accrual
- E. Event Class: Expense Accrual Event Type: Period End Accrual
Answer: C
NEW QUESTION 33
You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
- A. Routes
- B. Trade Operation
- C. Charge Name
- D. Trade Operation Templates
- E. Reference Types
Answer: E
NEW QUESTION 34
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
- A. Debit Expense, Credit Receiving Inspection
- B. Debit Expense, Credit Expense Accrual
- C. Debit Receiving Inspection, Credit Accrued Liability
- D. Debit Charge Account (expense or inventory), Credit Receiving Inspection
- E. Debit Accrued Liability, Credit Accounts Payable
Answer: D
NEW QUESTION 35
Which four steps need to be completed to establish standard costs for a make item?
- A. Publish costs
- B. Create a new cost scenario.
- C. Add standard costs to a cost scenario.
- D. Export item costs.
- E. Complete cost roll-up.
- F. Run preprocessor.
Answer: A,D,E,F
NEW QUESTION 36
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Layer Inventory Valuation Report
- B. COGS and Revenue Matching Report
- C. Costing Account Balances Report
- D. Inventory Valuation Report
- E. Work in Process Inventory Valuation Report
- F. In-transit Valuation Report
- G. Cost Accounting Valuation Report
Answer: B,C,E,F
NEW QUESTION 37
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. The accounting method must have a mapping set to convert the accounts.
- B. Accounting rules cannot override the accounting method.
- C. The accounting method can be assigned to any ledger.
- D. The accounting method may only be used by ledgers without a COA.
- E. Any secondary ledger that uses the method cannot have a COA.
Answer: B
NEW QUESTION 38
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 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
- E. 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
Answer: A
NEW QUESTION 39
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. Accrual Supplier Liability Report
- D. Accrual Clearing Report
- E. Receipt Accounting Real Time Report
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION 40
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Output Costs
- B. Incremental Costs
- C. Scrap Costs
- D. Input Costs
- E. Standard Cost variances
- F. Variable Costs
Answer: A,C,D,E
NEW QUESTION 41
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. Requisition costs; validated costs can be used.
- B. Receipt costs; costs include adjustments.
- C. Payables invoices; invoice price variance can be added to item cost.
- D. Receivables invoices; actual cost can be used.
- E. Purchase order costs; item catalog costs can be used.
Answer: D
NEW QUESTION 42
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