Valid Cost Management Cloud 1z0-1074-20 Dumps Ensure Your Passing
1z0-1074-20 Dumps Real Exam Questions Test Engine Dumps Training
NEW QUESTION 30
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 31
Identify the four types of cost adjustments.
- A. A change to a requisition after the purchase order has been created will create a cost adjustment.
- B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
- C. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchase order.
- D. A standard cost update will create an inventory value adjustment.
- E. Authorized users can manually create cost adjustments.
- F. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
Answer: A,B,E,F
NEW QUESTION 32
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
- A. Turn on detailed posting for GL in the ledger setup.
- B. Write a custom report.
- C. Turn off merge matching lines in the journal line rule.
- D. Turn off the summarize flag in the journal line rule.
- E. Extract distribution accounting entries.
Answer: C
NEW QUESTION 33
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 34
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When using account combination rules
- B. When using ledgers that have unique accounting requirements
- C. Every accounting method should have a COA.
- D. When account combination rules use constants
- E. When using segment rules
Answer: C,E
NEW QUESTION 35
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 36
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 Clear Receipt Accrual Balances process.
- C. Run the Create Accounting process.
- D. Run the Transfer Costs from Payables to Cost Management process.
- E. Run the Transactions from Procurement to Costing process.
Answer: A
NEW QUESTION 37
Which two statements are true about Cost Accounting books? (Choose two.)
- A. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
- B. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
- 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: B,D
NEW QUESTION 38
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 Cost Accountant role for the correct cost organization.
- C. Create Data Access on the Accounts Payable role for the correct inventory organization.
- D. Create Data Access on the Accounts Payable role for the correct cost organization.
Answer: D
NEW QUESTION 39
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 40
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 41
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Product Model
- B. Inventory Management
- C. Cost Accounting
- D. Receipt Accounting
- E. Landed Cost Management
Answer: B
NEW QUESTION 42
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 43
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 44
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Manage the Item Cost task.
- B. Manage the Standard Cost task.
- C. Create Standard Cost in a spreadsheet.
- D. Import standard costs from receipt layers.
Answer: A,C
NEW QUESTION 45
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 expense items to accrue at period end.
- C. Change the Purchasing Line types to 4-way match.
- D. Change the Purchasing Line types to 3-way match.
- E. Change inventory items to accrue at period end.
Answer: C,D
NEW QUESTION 46
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 47
Which three features are included in Receipt Accounting?
- A. Analyze Standard Purchase Cost Variances
- B. Review Item Costs
- C. Review Journal Entries
- D. Adjust Receipt Accrual Clearing Balances
- E. Create Receipt Accounting Distribution
Answer: C,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-accounting.html#FAIMS1921270
NEW QUESTION 48
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. The accounting method can be assigned to any ledger.
- C. The accounting method may only be used by ledgers without a COA.
- D. The accounting method must have a mapping set to convert the accounts.
- E. Any secondary ledger that uses the method cannot have a COA.
Answer: A
NEW QUESTION 49
Which four steps need to be completed to establish standard costs for a make item?
- A. Export item costs.
- B. Add standard costs to a cost scenario.
- C. Complete cost roll-up.
- D. Publish costs
- E. Run preprocessor.
- F. Create a new cost scenario.
Answer: A,C,D,E
NEW QUESTION 50
Identify three Landed Cost Management tasks.
- A. Create Accounting
- B. Capture Charges
- C. Review Journal Entries
- D. Manage Cost Scenarios
- E. Perform Allocations
- F. View Rolled Up Costs
Answer: A,B,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624
NEW QUESTION 51
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 Cost Accounting Distribution 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 Accounting for Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail* Transfer to General Ledger = No * Post in General Ledger = No
- C. 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
- D. 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
- 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: B
NEW QUESTION 52
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Oracle 1z0-1074-20: Selling Cost Management Cloud Products and Solutions: https://www.prep4sureguide.com/1z0-1074-20-prep4sure-exam-guide.html