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NEW QUESTION 41
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Inventory
- B. Shipping
- C. Financial Orchestration
- D. Purchasing
- E. Order Management
Answer: C
NEW QUESTION 42
Which two types of costs are included in the cost of contract manufactured items?
- A. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
- B. The cost of resources consumed at the OEM's factory
- C. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
- D. The cost of the contract manufacturing service Item. This is the price that the contract
- E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
Answer: A,C
NEW QUESTION 43
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?
- A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
- B. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
- C. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
- D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
- E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
Answer: A
NEW QUESTION 44
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Business Unit/Landed Cost Charge/Cost Organization
- B. Inventory Organization/Landed Cost Charge/Third Party Supplier
- C. Item/Business Unit/Route
- D. Item Catalog/Inventory Organization/Business Unit
- E. Item Category/Material Supplier/Landed Cost Charge
Answer: D
NEW QUESTION 45
At what level can you define item cost profiles?
- A. 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.
- B. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- D. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
Answer: D
NEW QUESTION 46
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Output Costs
- B. Variable Costs
- C. Standard Cost variances
- D. Scrap Costs
- E. Incremental Costs
- F. Input Costs
Answer: A,C,D,F
NEW QUESTION 47
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
- A. Activate its journal entry rule set assignments.
- B. Transfer costs to Cost Management.
- C. Create Accounting.
- D. Transfer transactions from Receiving to Costing.
- E. Execute the Preprocessor.
Answer: A
NEW QUESTION 48
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. Inventory Management
- B. Product Model
- C. Cost Accounting
- D. Landed Cost Management
- E. Receipt Accounting
Answer: A
NEW QUESTION 49
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 50
Select the two valid relationships between subledger components.
- A. The journal lines hold the journal entry rule sets.
- B. Journal entry rule sets hold journal rules and accounting rules.
- C. The accounting method holds the accounting rules by Event Class and Event Type.
- D. The accounting method groups journal entry rule sets by Event Class and Event Type.
- E. Journal entry rules are used to hold accounting rules.
Answer: B,E
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm
NEW QUESTION 51
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 Work Definition is incomplete.
- B. The item has no on-hand inventory.
- C. Burdens have not been established for the item
- D. The assembly item is marked as Perpetual Average costed.
- E. Outstanding purchase orders have not been received.
Answer: A,D
NEW QUESTION 52
You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
- A. Charge Name
- B. Trade Operation Templates
- C. Routes
- D. Trade Operation
- E. Reference Types
Answer: E
NEW QUESTION 53
Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?
- A. Revenue and COGS Matching Report
- B. Inventory Account Balances Report
B COGS Account Balances Report - C. Costing Balances Report
- D. Inventory Valuation Report
Answer: B,C
NEW QUESTION 54
Identify two purposes of Sub ledger Accounting.
- A. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
- B. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- C. to calculate costs for transactions
- D. to maintain backward compatibility
- E. to centralize accounting string generation across all modules
Answer: A,C
NEW QUESTION 55
Identify three characteristics of cost component to cost element mapping.
- A. You can only define one cost component to cost element mapping for an installation.
- B. It is one of the attributes you define as part of your cost profile definitions.
- C. It is user-defined.
- D. It lets you define how cost component level costs will map into cost elements.
- E. You cannot modify, duplicate, or create user-defined cost components.
Answer: B,C,D
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION 56
In which two scenarios would you define account rules based on value sets?
- A. In the absence of a chart of accounts on the accounting method
- B. When a secondary ledger has a different COA
- C. When there is a mapping set to convert the accounts
- D. If a segment shares the same value set across multiple chart of accounts
- E. When a chart of accounts is assigned to the value set definition
Answer: C,D
NEW QUESTION 57
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Create a condition for a journal line for freight.
- B. Account Class must be set to Freight.
- C. Sub ledger accounting is set up to accomplish this out-of-the-box.
- D. Line Type must be set to Freight.
Answer: B,D
NEW QUESTION 58
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. 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.
- B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date 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 processed. These transactions will never be processed in any subsequent cost processor run.
- D. It only affects whether or not you can process a cost adjustment.
Answer: B
NEW QUESTION 59
Identify two characteristics of an expense pool. (Choose two.)
- A. It is used only for analyzing gross margins on noninventory sales of services.
- B. You can define the name of your expense pool, but you cannot define more than one.
- C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
Answer: C,D
NEW QUESTION 60
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Accrual Supplier Liability Report
- B. Uninvoiced Receipt Accrual Report
- C. Receipt Accounting Real Time Report
- D. Accrual Clearing Report
- E. Accrual Reconciliation Report
Answer: E
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION 61
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 = Final * Report Style = No report* 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 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
- 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 Accounting for Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail* Transfer to General Ledger = No * Post in General Ledger = No
Answer: E
NEW QUESTION 62
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 Expense, Credit Receiving Inspection
- B. Debit Charge Account (expense or inventory), Credit Receiving Inspection
- C. Debit Receiving Inspection, Credit Accrued Liability
- D. Debit Accrued Liability, Credit Accounts Payable
- E. Debit Expense, Credit Expense Accrual
Answer: B
NEW QUESTION 63
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Manage Cost Accounting Periods
- B. Review Work Order Costs
- C. Review Item Costs
- D. Analyzing and Comparing Costs
- E. Estimating Standard Costs for Assemblies
- F. Manage Resource Rates
Answer: B,E,F
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION 64
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