[Jan-2022] 1z0-1074-20 Dumps Full Questions - Cost Management Cloud Exam Study Guide
Exam Questions and Answers for 1z0-1074-20 Study Guide
Oracle 1z0-1074-20 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 8 |
|
| Topic 9 |
|
| Topic 10 |
|
| Topic 11 |
|
| Topic 12 |
|
| Topic 14 |
|
| Topic 15 |
|
| Topic 16 |
|
| Topic 17 |
|
NEW QUESTION 33
Identify three characteristics of cost component to cost element mapping.
- A. You cannot modify, duplicate, or create user-defined cost components.
- B. It lets you define how cost component level costs will map into cost elements.
- C. It is user-defined.
- D. It is one of the attributes you define as part of your cost profile definitions.
- E. You can only define one cost component to cost element mapping for an installation.
Answer: B,C,D
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION 34
Identify two characteristics of an expense pool. (Choose two.)
- A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- B. It is used only for analyzing gross margins on noninventory sales of services.
- C. You can define the name of your expense pool, but you cannot define more than one.
- D. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
Answer: A,D
NEW QUESTION 35
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. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- C. 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.
- D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Answer: B
NEW QUESTION 36
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
- A. Bill of Lading
- B. Expense invoice number
- C. Shipment number
- D. Receipt number
- E. Internal requisition number
Answer: C,E
NEW QUESTION 37
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. Trade Operation
- B. Orders
- C. Cost Scenario
- D. Charge Name
- E. Routes
Answer: A
NEW QUESTION 38
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 39
Select the two valid relationships between subledger components.
- A. The accounting method groups journal entry rule sets by Event Class and Event Type.
- B. The accounting method holds the accounting rules by Event Class and Event Type.
- C. Journal entry rule sets hold journal rules and accounting rules.
- D. The journal lines hold the journal entry rule sets.
- E. Journal entry rules are used to hold accounting rules.
Answer: C,E
Explanation:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm
NEW QUESTION 40
Identify three Landed Cost Management tasks.
- A. Manage Cost Scenarios
- B. View Rolled Up Costs
- C. Capture Charges
- D. Perform Allocations
- E. Review Journal Entries
- F. Create Accounting
Answer: C,D,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624
NEW QUESTION 41
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 42
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
- A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- B. Copy and rename predefined subledger journal entry rule sets before modifying them.
- C. Use a different journal entry rule set for each ledger with a different accounting convention.
- D. Journal entry rule sets do not require accounting rules.
- E. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
Answer: A
NEW QUESTION 43
Which two statements are true about Cost Accounting books? (Choose two.)
- A. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
- B. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
- C. Every cost organization must use different book names; they cannot be shared.
- D. A cost organization has one book that posts to the primary ledger.
Answer: A,D
NEW QUESTION 44
You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?
- A. Change the Receipt Close tolerance so it is 100 percent.
- B. Change the Purchasing Line types to 4-way match.
- C. Change the Purchasing Line types to 3-way match.
- D. Change expense items to accrue at period end.
- E. Change inventory items to accrue at period end.
Answer: B,C
NEW QUESTION 45
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 Charge Account (expense or inventory), Credit Receiving Inspection
- B. Debit Receiving Inspection, Credit Accrued Liability
- C. Debit Accrued Liability, Credit Accounts Payable
- D. Debit Expense, Credit Expense Accrual
- E. Debit Expense, Credit Receiving Inspection
Answer: A
NEW QUESTION 46
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 Create Accounting process.
- C. Run the Transfer Costs from Payables to Cost Management process.
- D. Run the Transactions from Procurement to Costing process.
- E. Run the Clear Receipt Accrual Balances process.
Answer: A
NEW QUESTION 47
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 48
......
Oracle Cost Management Cloud 2020 Implementation Essentials Free Update With 100% Exam Passing Guarantee: https://www.dumpsmaterials.com/1z0-1074-20-real-torrent.html
