Oracle Cost Management Cloud 2022 Implementation Professional - 1z0-1074-22 Free Exam Questions

A. Create Accounting.

B. Transfer transactions from Receiving to Costing.

C. Execute the Preprocessor.

D. Transfer costs to Cost Management.

E. Activate its journal entry rule set assignments.

A. A change to a requisition after the purchase order has been created will create a cost adjustment.

B. A standard cost update willcreate an inventory value adjustment.

C. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

D. 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.

E. Authorized users can manually create cost adjustments.

F. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

A. Manage Resource Rates

B. Review Work Order Costs

C. Manage Cost Accounting Periods

D. Estimating Standard Costs for Assemblies

E. Review Item Costs

F. Analyzing and Comparing Costs

A. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

B. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

C. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

D. 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.

A. When there is a mapping set to convert the accounts

B. When a secondary ledger has a different COA

C. When a chart of accounts is assigned to the value set definition

D. In the absence of a chart of accounts on the accounting method

E. If a segment shares the same value set across multiple chart of accounts

A. The conditions are evaluated in the sequence they are defined in the accounting rule.

B. After all conditions are tested, the final resulting value is used.

C. Use parenthesis to control the order of the condition evaluation.

D. When the condition is met, the rule associated with that priority is used.

E. Priorities determine the order in which accounting rule conditions are examined.

A. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End.

C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.

E. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.