Oracle Cost Management Cloud 2017 Implementation Essentials - 1z1-987 Free Exam Questions

A. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

B. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

C. Event Class: Period End Accrual Event Type: Period End Accrual

D. Event Class: Expense Accrual Event Type: Period End Accrual

E. Event Class: Expense Accrual Event Type: Expense Accrual

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

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

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

A. The subledger journal entry rule set does not need the same accounting event type as the accounting method.

B. Use a different journal entry rule set for each ledger with a different accounting convention.

C. Journal entry rule sets do not require accounting rules.

D. The subledger journal entry rule set does not need the same accounting event class as the accounting method.

E. Copy and rename predefined subledger journal entry rule sets before modifying them.

A. Run the Create Accounting process.

B. Run the Transfer Costs from Payables to Cost Management process.

C. Run the Clear Receipt Accrual Balances process.

D. Run the Transactions from Receiving to Costing process.

E. Run the Transactions from Procurement to Costing process.

A. Publish costs

B. Add standard costs to a cost scenario.

C. Complete cost roll-up.

D. Export item costs.

E. Run preprocessor.

F. Create a new cost scenario.

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 different business units.

B. It can help you understand true margins and value added by internal business units through the internal supply chain.

C. 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.

D. It can help you with consolidated financial reporting.

E. It is only used when you do not need to maintain an arm's length relationship.

A. Analyze Standard Purchase Cost Variances

B. Review Journal Entries

C. Adjust Receipt Accrual Clearing Balances

D. Review Item Costs

E. Create Receipt Accounting Distribution