[Sep-2021] Pass Oracle 1z0-1074-20 Exam in First Attempt Guaranteed!
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NEW QUESTION 34
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. Charge Name
- C. Trade Operation
- D. Cost Scenario
- E. Orders
Answer: C
NEW QUESTION 35
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 journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- B. Review their audit receipt accrual clearing balances.
- C. Review their Receipt Accounting processes that show whether any processes failed and why.
- D. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- E. Review their accrual balances and clear them.
Answer: A,E
NEW QUESTION 36
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. Inventory Organization and Cost Organization
- C. Business Unit and Inventory Organization
- D. Business Unit and Legal Entity
- E. Legal Entity and Cost Organization
- F. Inventory Organization and Legal Entity
Answer: C
NEW QUESTION 37
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Purchasing
- B. Inventory
- C. Shipping
- D. Order Management
- E. Financial Orchestration
Answer: E
NEW QUESTION 38
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Scrap Costs
- B. Incremental Costs
- C. Input Costs
- D. Variable Costs
- E. Output Costs
- F. Standard Cost variances
Answer: A,C,E,F
NEW QUESTION 39
Which two types of costs are included in the cost of contract manufactured items?
- A. The cost of resources consumed at the OEM's factory
- B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
- C. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
- D. The cost of the contract manufacturing service Item. This is the price that the contract
- E. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
Answer: B,E
NEW QUESTION 40
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 preprocessor will pre-warn about this error.
- C. An error will always occur.
- D. Suspense accounts cannot be used.
- E. The original account is stored on the journal line.
Answer: A,E
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION 41
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Retro-reprice
- B. Cost of Goods Sold
- C. Adjustments
- D. In-transit
- E. Overhead
Answer: E
NEW QUESTION 42
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. Accounting rules cannot override the accounting method.
- B. Any secondary ledger that uses the method cannot have a COA.
- C. The accounting method must have a mapping set to convert the accounts.
- D. The accounting method may only be used by ledgers without a COA.
- E. The accounting method can be assigned to any ledger.
Answer: A
NEW QUESTION 43
Which four steps need to be completed to establish standard costs for a make item?
- A. Export item costs.
- B. Run preprocessor.
- C. Publish costs
- D. Add standard costs to a cost scenario.
- E. Complete cost roll-up.
- F. Create a new cost scenario.
Answer: A,B,C,E
NEW QUESTION 44
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Transactions from Receiving to Costing process.
- B. Run the Transactions from Procurement to Costing process.
- C. Run the Transfer Costs from Payables to Cost Management process.
- D. Run the Create Accounting process.
- E. Run the Clear Receipt Accrual Balances process.
Answer: A
NEW QUESTION 45
At what level can you define item cost profiles?
- A. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- B. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- 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: B
NEW QUESTION 46
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 Accounts Payable role for the correct inventory organization.
- C. Create Data Access on the Cost Accountant role for the correct cost organization.
- D. Create Data Access on the Accounts Payable role for the correct cost organization.
Answer: D
NEW QUESTION 47
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
- B. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
- C. Run the "Activate Accounting Methods" process.
- D. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
- E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
Answer: B,D
NEW QUESTION 48
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Inventory Organization/Landed Cost Charge/Third Party Supplier
- B. Item Catalog/Inventory Organization/Business Unit
- C. Business Unit/Landed Cost Charge/Cost Organization
- D. Item Category/Material Supplier/Landed Cost Charge
- E. Item/Business Unit/Route
Answer: B
NEW QUESTION 49
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
- A. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
- B. Create the cost in Manage Cost Scenarios.
- C. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- D. This requirement will already be met by the default data generated when using Quick Setup.
Answer: D
NEW QUESTION 50
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. 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.
- B. 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."
- C. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- E. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
Answer: B
NEW QUESTION 51
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions without alternates
- B. Work definitions with the lowest production cost
- C. Work definitions with the highest production priority
- D. Work definitions with the highest costing priority
- E. Work definitions with specific unit numbers
Answer: B,E
NEW QUESTION 52
Identify three characteristics of cost component to cost element mapping.
- A. It is one of the attributes you define as part of your cost profile definitions.
- B. It is user-defined.
- C. You can only define one cost component to cost element mapping for an installation.
- D. You cannot modify, duplicate, or create user-defined cost components.
- E. It lets you define how cost component level costs will map into cost elements.
Answer: A,B,E
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION 53
Identify two purposes of Sub ledger Accounting.
- A. to calculate costs for transactions
- B. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- C. to maintain backward compatibility
- D. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
- E. to centralize accounting string generation across all modules
Answer: A,D
NEW QUESTION 54
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