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Oracle 1Z0-1074-21 Exam Syllabus Topics:
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NEW QUESTION 27
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 Landed Costs and associate with the Trade Operations Template in Landed Costs.
- B. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
- C. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
- D. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
- E. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
Answer: C
NEW QUESTION 28
Which two rules determine whether a condition has been met for accounting rules?
- A. When the condition is met, the rule associated with that priority is used.
- B. The conditions are evaluated in the sequence they are defined in the accounting rule.
- C. Use parenthesis to control the order of the condition evaluation.
- D. After all conditions are tested, the final resulting value is used.
- E. Priorities determine the order in which accounting rule conditions are examined.
Answer: A,B
NEW QUESTION 29
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. Burdens have not been established for the item
- C. Outstanding purchase orders have not been received.
- D. The assembly item is marked as Perpetual Average costed.
- E. The item has no on-hand inventory.
Answer: A,D
NEW QUESTION 30
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An alternate account will be used if provided.
- B. Suspense accounts cannot be used.
- C. The preprocessor will pre-warn about this error.
- D. The original account is stored on the journal line.
- E. An error will always occur.
Answer: A,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION 31
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
- B. The liability for a consigned item occurs when there is an ownership event.
- C. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
- D. There is no difference between owned inventory and consigned inventory.
- E. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
- F. The quantity is tracked in inventory but not as an asset until there is an ownership event
Answer: A,B,D,E
NEW QUESTION 32
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. The accounting method can be assigned to any ledger.
- B. The accounting method may only be used by ledgers without a COA.
- C. Any secondary ledger that uses the method cannot have a COA.
- D. The accounting method must have a mapping set to convert the accounts.
- E. Accounting rules cannot override the accounting method.
Answer: E
NEW QUESTION 33
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
- A. Costing-Cost Accounting Real Time
- B. Receipt Accounting- Receipt Accounting Distributions Real Time
- C. Costing -Receipt Accounting Real Time
- D. Financials-Subledger Accounting-Detail Transactions
- E. Receipt Accounting-- Receipt Accounting Transactions Real Time
Answer: D
NEW QUESTION 34
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
- A. Copy and rename predefined subledger journal entry rule sets before modifying them.
- B. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- C. Journal entry rule sets do not require accounting rules.
- D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- E. Use a different journal entry rule set for each ledger with a different accounting convention.
Answer: B
NEW QUESTION 35
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
- A. Payables invoices; invoice price variance can be added to item cost.
- B. Receivables invoices; actual cost can be used.
- C. Receipt costs; costs include adjustments.
- D. Purchase order costs; item catalog costs can be used.
- E. Requisition costs; validated costs can be used.
Answer: B
NEW QUESTION 36
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
- B. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- C. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- E. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
Answer: E
NEW QUESTION 37
Identify two characteristics of an expense pool. (Choose two.)
- A. You can define the name of your expense pool, but you cannot define more than one.
- B. It is used only for analyzing gross margins on noninventory sales of services.
- 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 38
Which four steps need to be completed to establish standard costs for a make item?
- A. Publish costs
- B. Run preprocessor.
- C. Create a new cost scenario.
- D. Add standard costs to a cost scenario.
- E. Complete cost roll-up.
- F. Export item costs.
Answer: A,B,E,F
NEW QUESTION 39
Identify the four types of cost adjustments.
- A. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause 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. A standard cost update will create an inventory value adjustment.
- D. A change to a requisition after the purchase order has been created will create a cost adjustment.
- 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 purchase order.
- F. Authorized users can manually create cost adjustments.
Answer: A,B,D,F
NEW QUESTION 40
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When account combination rules use constants
- B. When using segment rules
- C. When using ledgers that have unique accounting requirements
- D. When using account combination rules
- E. Every accounting method should have a COA.
Answer: B,E
NEW QUESTION 41
You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?
- A. Change the Purchasing Line types to 4-way match.
- B. Change inventory items to accrue at period end.
- C. Change expense items to accrue at period end.
- D. Change the Purchasing Line types to 3-way match.
- E. Change the Receipt Close tolerance so it is 100 percent.
Answer: A,D
NEW QUESTION 42
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 can help you understand true margins and value added by internal business units through the internal supply chain.
- B. 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.
- 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.
Answer: B,C,D
NEW QUESTION 43
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 Reconciliation Report
- B. Receipt Accounting Real Time Report
- C. Uninvoiced Receipt Accrual Report
- D. Accrual Supplier Liability Report
- E. Accrual Clearing Report
Answer: A
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION 44
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. Routes
- B. Trade Operation Templates
- C. Trade Operation
- D. Charge Name
- E. Reference Types
Answer: E
NEW QUESTION 45
Identify four characteristics of a cost element.
- A. It is the granularity at which costs are tracked and accounted.
- B. It uses date effectivity.
- C. It is user-defined.
- D. The mapping of cost components into cost elements is user-defined.
- E. Users can define any number of cost elements.
- F. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
Answer: B,C,D,F
NEW QUESTION 46
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