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Oracle 1z0-1074-20 Exam Syllabus Topics:
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NEW QUESTION 45
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Standard Cost variances
- B. Variable Costs
- C. Incremental Costs
- D. Scrap Costs
- E. Input Costs
- F. Output Costs
Answer: A,D,E,F
NEW QUESTION 46
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 47
Which two steps need to be completed to estimate landed costs?
- A. Update standard costs.
- B. Allocate charges
- C. Transfer transactions from the Payables to the Costing process.
- D. Prepare the Material Purchase Order Data process.
- E. Transfer transactions from the Inventory to the Costing process.
Answer: A,B
NEW QUESTION 48
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. Closed
- B. Close Pending
- C. Permanently Closed
- D. Never Opened
- E. Open
Answer: A
NEW QUESTION 49
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Inventory Valuation Report
- B. Layer Inventory Valuation Report
- C. Costing Account Balances Report
- D. In-transit Valuation Report
- E. COGS and Revenue Matching Report
- F. Cost Accounting Valuation Report
- G. Work in Process Inventory Valuation Report
Answer: C,D,E,G
NEW QUESTION 50
An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
- A. Create a secondary ledger to track gain/loss.
- B. Subledger Accounting is already set up to process it.
- C. Turn on the Subledger Gain or Loss Option.
- D. Create a foreign reporting currency to track gain/loss.
Answer: D
NEW QUESTION 51
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 52
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. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- C. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- D. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
Answer: B
NEW QUESTION 53
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 54
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, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
- B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- C. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
- D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
- E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
Answer: A
NEW QUESTION 55
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 56
At what level can you define item cost profiles?
- A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- B. 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.
- C. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- D. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
Answer: A
NEW QUESTION 57
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?
- A. Rule sets assigned to a secondary ledger with a different COA
- B. Rule sets that use the same chart of accounts
- C. Rule sets that have a mapping set to convert the accounts
- D. Rule sets where the accounting rules override the method rule set
- E. Rule sets not associated with any chart of accounts
Answer: A,D
NEW QUESTION 58
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. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
- B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
- C. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
- D. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
- E. Run the "Activate Accounting Methods" process.
Answer: A,B
NEW QUESTION 59
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 with the lowest production cost
- B. Work definitions with specific unit numbers
- C. Work definitions with the highest costing priority
- D. Work definitions with the highest production priority
- E. Work definitions without alternates
Answer: A,B
NEW QUESTION 60
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
- A. Create distributions.
- B. Transfer transactions from receiving.
- C. Assign accruals to purchase order transactions.
- D. Transfer transactions from payables.
- E. Transfer to Sub ledger Accounting.
Answer: A
NEW QUESTION 61
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