1z0-1074-20 Exam Brain Dumps - Study Notes and Theory [Jan-2022]
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NEW QUESTION 26
Identify three Landed Cost Management tasks.
- A. Manage Cost Scenarios
- B. View Rolled Up Costs
- C. Capture Charges
- D. Perform Allocations
- E. Review Journal Entries
- F. Create Accounting
Answer: C,D,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624
NEW QUESTION 27
At what level can you define item cost profiles?
- A. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- B. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
- C. 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.
- D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
Answer: B
NEW QUESTION 28
Identify four processors available in the cost processor.
- A. Cost Reports Processor
- B. Costing Period Processor
- C. Cost Distribution Processor
- D. Receipt Processor
- E. Cost of Goods Sold Processor
- F. Cost Accounting Processor
Answer: A,C,E,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.html#FAPMA146491
NEW QUESTION 29
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When account combination rules use constants
- B. Every accounting method should have a COA.
- C. When using segment rules
- D. When using account combination rules
- E. When using ledgers that have unique accounting requirements
Answer: B,C
NEW QUESTION 30
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. Query the transaction from Review Cost Accounting Distributions to see the error message.
- C. Review errors in the Create Accounting Execution report.
- D. Refer to the Accounting Event Diagnostic log.
E Review errors in the Create Accounting Execution log.
Answer: C
NEW QUESTION 31
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. 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.
- B. It will use the work definition with the January 2, 2016 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. It must always use the work definition with the October 1, 2015 effective date.
Answer: A
NEW QUESTION 32
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 Charge Account (expense or inventory), Credit Receiving Inspection
- B. Debit Receiving Inspection, Credit Accrued Liability
- C. Debit Accrued Liability, Credit Accounts Payable
- D. Debit Expense, Credit Expense Accrual
- E. Debit Expense, Credit Receiving Inspection
Answer: A
NEW QUESTION 33
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Scrap Costs
- B. Incremental Costs
- C. Output Costs
- D. Standard Cost variances
- E. Variable Costs
- F. Input Costs
Answer: A,C,D,F
NEW QUESTION 34
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
- A. Material Receipts
- B. PreReference Types
- C. Trade Operation Template
- D. Charge Names
- E. Routes
Answer: B
NEW QUESTION 35
Identify two characteristics of a cost profile.
- A. It is where you define your Cost Accounting policies.
- B. It is used for calculating the estimated cost of manufactured items under different scenarios.
- C. It is used for Receipt Accounting.
- D. It is where you define which cost method you want to use for the cost component to cost element mapping.
Answer: A,C
NEW QUESTION 36
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Create Standard Cost in a spreadsheet.
- B. Manage the Item Cost task.
- C. Manage the Standard Cost task.
- D. Import standard costs from receipt layers.
Answer: A,B
NEW QUESTION 37
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. Write a custom report.
- B. Turn off merge matching lines in the journal line rule.
- C. Turn off the summarize flag in the journal line rule.
- D. Turn on detailed posting for GL in the ledger setup.
- E. Extract distribution accounting entries.
Answer: B
NEW QUESTION 38
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
- A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- B. Copy and rename predefined subledger journal entry rule sets before modifying them.
- C. Use a different journal entry rule set for each ledger with a different accounting convention.
- D. Journal entry rule sets do not require accounting rules.
- E. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
Answer: A
NEW QUESTION 39
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, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
- B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
- C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
- D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
Answer: E
NEW QUESTION 40
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Order Management
- B. Shipping
- C. Financial Orchestration
- D. Purchasing
- E. Inventory
Answer: C
NEW QUESTION 41
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are a. Why can't you see this process?
- A. You do not have the role to import purchase order information into Receipt Accounting.
- B. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- C. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- D. Purchase order information should not be imported into Receipt Accounting.
- E. This process can only be scheduled and run from the Receipt Accounting work area
Answer: C
NEW QUESTION 42
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