The Best Oracle 1z0-1074-23 Study Guides and Dumps of 2024
Top Oracle 1z0-1074-23 Exam Audio Study Guide! Practice Questions Edition
NEW QUESTION # 45
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. Receipt Accounting
- B. Landed Cost Management
- C. Product Model
- D. Cost Accounting
- E. Inventory Management
Answer: E
NEW QUESTION # 46
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. The preprocessor will pre-warn about this error.
- B. The original account is stored on the journal line.
- C. An alternate account will be used if provided.
- D. Suspense accounts cannot be used.
- E. An error will always occur.
Answer: B,C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION # 47
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. It will use the work definition with the January 2, 2016 effective date.
- B. It must always use the work definition with the October 1, 2015 effective date.
- C. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
Answer: D
NEW QUESTION # 48
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 specific unit numbers
- C. Work definitions with the highest production priority
- D. Work definitions with the lowest production priority
- E. Work definitions with the highest costing priority
Answer: C,E
NEW QUESTION # 49
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- C. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. - E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
Answer: C,D
NEW QUESTION # 50
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 Receiving Inspection, Credit Accrued Liability
- B. Debit Charge Account (expense or inventory), Credit Receiving Inspection
- C. Debit Accrued Liability, Credit Accounts Payable
- D. Debit Expense, Credit Receiving Inspection
- E. Debit Expense, Credit Expense Accrual
Answer: B
NEW QUESTION # 51
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. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- B. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- C. This process can only be scheduled and run from the Receipt Accounting work area
- D. You do not have the role to import purchase order information into Receipt Accounting.
- E. Purchase order information should not be imported into Receipt Accounting.
Answer: B
NEW QUESTION # 52
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 Transfer Costs from Payables to Cost Management process.
- B. Run the Clear Receipt Accrual Balances process.
- C. Run the Transactions from Receiving to Costing process.
- D. Run the Transactions from Procurement to Costing process.
- E. Run the Create Accounting process.
Answer: C
NEW QUESTION # 53
Identify the four types of cost adjustments.
- A. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
- B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
- C. A change to a requisition after the purchase order has been created will create a cost adjustment.
- D. Authorized users can manually create cost adjustments.
- E. 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 purchaseorder.
- F. A standard cost update will create an inventory value adjustment.
Answer: A,B,E,F
NEW QUESTION # 54
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 subledger journal entry rule sets to the Manage Accounting Methods task.
- B. Run the "Activate Accounting Methods" process.
- C. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- D. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- E. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
Answer: A,C
NEW QUESTION # 55
Identify three Landed Cost Management tasks.
- A. Perform Allocations
- B. Manage Cost Scenarios
- C. Review Journal Entries
- D. Create Accounting
- E. Capture Charges
- F. View Rolled Up Costs
Answer: A,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem
NEW QUESTION # 56
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
- B. It can help you understand true margins and value added by internal business units through the internal supply chain.
- C. It can help you with consolidated financial reporting.
- D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- E. It is only used when you do not need to maintain an arm's length relationship.
Answer: B,C,D
NEW QUESTION # 57
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. Create the cost in Manage Cost Scenarios.
- B. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- C. This requirement will already be met by the default data generated when using Quick Setup.
- D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
Answer: C
NEW QUESTION # 58
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?
- A. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
- B. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
- C. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
- D. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
- E. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
- F. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
Answer: E
NEW QUESTION # 59
Which two steps need to be completed to estimate landed costs?
- A. Transfer transactions from the Payables to the Costing process.
- B. Prepare the Material Purchase Order Data process.
- C. Update standard costs.
- D. Transfer transactions from the Inventory to the Costing process.
- E. Allocate charges
Answer: B,E
NEW QUESTION # 60
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. Business Unit and Inventory Organization
- C. Legal Entity and Cost Organization
- D. Business Unit and Legal Entity
- E. Inventory Organization and Legal Entity
- F. Inventory Organization and Cost Organization
Answer: B
NEW QUESTION # 61
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