How Many Questions Of 1z0-1074 Exam Engine

NEW QUESTION 1
The process to map the APinvoices to the trade operation charges has completed. Which entity did the application use to do this?

• A. Material Receipts
• B. Charge Names
• C. PreReference Types
• D. Routes
• E. Trade Operation Template

Answer: C

NEW QUESTION 2
Your customer wants to run a report to review account balances for bothinventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

• A. Inventory Account Balances Report B COGS Account Balances Report
• B. Revenue and COGS Matching Report
• C. Costing Balances Report
• D. Inventory Valuation Report

Answer: AC

NEW QUESTION 3
Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

• A. Inventory
• B. Order Management
• C. Purchasing
• D. Financial Orchestration
• E. Shipping

Answer: D

NEW QUESTION 4
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. Query the transaction from Review Cost Accounting Distributions to see the error message.
• B. Review errors in the Create Accounting Execution report.
• C. Refer to the Accounting Event Diagnostic report.
• D. Refer to the Accounting Event Diagnostic log.E Review errors in the Create Accounting Execution log.

Answer: B

NEW QUESTION 5
Select the two valid relationships between subledger components.

• A. The accounting method holds the accounting rules by Event Class andEvent Type.
• B. The journal lines hold the journal entry rule sets.
• C. The accounting method groups journal entry rule sets by Event Class and Event Type.
• D. Journal entry rules are used to hold accounting rules.
• E. Journal entry rule sets hold journal rules and accounting rules.

Answer: DE

Explanation:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm

NEW QUESTION 6
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 audit receipt accrual clearing balances.
• B. 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.
• C. Review their accrual balances and clear them.
• D. Review their Receipt Accounting processes that show whether any processes failed and why.
• E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

Answer: BC

NEW QUESTION 7
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. The item has no on-hand inventory.
• B. The assembly item is marked as Perpetual Average costed.
• C. Outstanding purchase orders have not been received.
• D. The Work Definition is incomplete.
• E. Burdens have not been established for the item

Answer: BD

NEW QUESTION 8
Identify two reference types used to tie a receipt trade operation to an expense invoicefor landing.

• A. Internal requisition number
• B. Shipment number
• C. Expense invoice number
• D. Bill of Lading
• E. Receipt number

Answer: AB

NEW QUESTION 9
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. This requirement will already be met by the default data generated when using Quick Setup.
• C. Create the cost in Manage Cost Scenarios.
• D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

Answer: B

NEW QUESTION 10
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

• A. Purchase order information is automatically sent to Receipt Accounting using a real-timemethod
• B. This process can only be scheduled and run from the Receipt Accounting work area
• C. You do not have the role to import purchase order information into Receipt Accounting.
• D. All purchase order information is included in the Transfer Transactionsfrom Receiving to Costing proces
• E. There is no separate process.
• F. Purchase order information should not be imported into Receipt Accounting.

Answer: A

NEW QUESTION 11
Identify three characteristics of cost component to cost element mapping.

• A. You cannot modify, duplicate, or create user-defined cost components.
• B. You can onlydefine one cost component to cost element mapping for an installation.
• C. It is one of the attributes you define as part of your cost profile definitions.
• D. It is user-defined.
• E. It lets you define how cost component level costs will map into cost elements.

Answer: CDE

Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96

NEW QUESTION 12
Identify four characteristics of a cost element.

• A. Users can define any number of cost elements.
• B. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
• C. It is the granularity at which costs are tracked and accounted.
• D. It is user-defined.
• E. The mapping of cost components into cost elements is user-defined.
• F. It uses date effectivity.

Answer: BDEF

NEW QUESTION 13
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. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
• E. The quantity is tracked in inventory but not as an asset until there is an ownership event
• F. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Answer: ABCF

NEW QUESTION 14
Identify four features provided by the Review Work Order Costs UI when displaying work order

• A. Scrap Costs
• B. Variable Costs
• C. Output Costs
• D. Incremental Costs
• E. Input Costs
• F. Standard Cost variances

Answer: ACEF

NEW QUESTION 15
You can track costs at what granularity level in Cost Accounting for the actual costing method?

• A. Subinventory, Make, Lot, Serial
• B. Grade, Serial, Group, Lot
• C. Subinventor
• D. Lot, Serial, Grade
• E. Grade, Subinventory, Locator, Serial
• F. Subinventory, Lot, Serial, Locator

Answer: C

NEW QUESTION 16
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. Receivables invoices; actual cost can be used.
• B. Payables invoices; invoice price variance can be added to item cost.
• C. Receipt costs; costs include adjustments.
• D. Requisition costs; validated costs can be used.
• E. Purchase order costs; item catalog costs can be used.

Answer: A

NEW QUESTION 17
Which two rules determine whether a condition has been met for accounting rules?

• A. When the condition is met, the rule associated with thatpriority is used.
• B. Priorities determine the order in which accounting rule conditions are examined.
• C. The conditions are evaluated in the sequence they are defined in the accounting rule.
• D. After all conditions are tested, the final resulting value isused.
• E. Use parenthesis to control the order of the condition evaluation.

Answer: AC

NEW QUESTION 18
Landed Cost Variance Analysis can be performed based on which three dimension combinations?

• A. Business Unit/Landed Cost Charge/Cost Organization
• B. Item/Business Unit/Route
• C. Item Category/Material Supplier/Landed Cost Charge
• D. InventoryOrganization/Landed Cost Charge/Third Party Supplier
• E. Item Catalog/Inventory Organization/Business Unit

Answer: E

NEW QUESTION 19
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 have a mapping set to convert the accounts
• C. Rule sets not associated with any chart of accounts
• D. Rule sets where the accounting rules override the method rule set
• E. Rule sets that use the same chart of accounts

Answer: AD

NEW QUESTION 20
You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

• A. The scenario will choose the work definition that is production priority 1.
• B. The cost planning scenario will use both work definitions for the item.
• C. The application will generate an error because there are two work definitions for the same item.
• D. The application will use the work definition that isnamed Plan B.
• E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

Answer: A

NEW QUESTION 21
Identify two ways that standard cost is calculated.

• A. Users must manually enter the cost of each configured item; the calculation is not automated.
• B. The standard cost is the sum of the cost of the selected option items.
• C. The cost of a configured item is calculated based on the work definition of the model item.
• D. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
• E. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

Answer: BE

NEW QUESTION 22
Which statement is true regarding the cost cutoff date in Cost Accounting?

• A. It only affects whether or not you can process a cost adjustment.
• B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.
• C. Transactions with a transaction date after the cost cutoff date will not be processe
• D. These transactions will never be processed in any subsequent cost processor run.
• E. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Answer: B

NEW QUESTION 23
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