Oracle Cost Management Cloud 2018 Implementation Essentials - 1Z1-1024 Free Exam Questions

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

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. Costing - Cost Accounting Real Time

B. Receipt Accounting - Receipt Accounting Transactions Real Time

C. Costing - Receipt Accounting Real Time

D. Receipt Accounting - Receipt Accounting Distributions Real Time

E. Financials - Subledger Accounting - Detail Transactions

A. An error will always occur.

B. The original account is stored on the journal line.

C. The preprocessor will pre-warn about this error.

D. Suspense accounts cannot be used.

E. An alternate account will be used if provided.

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. Charge names cannot be used to tie an invoice to a trade operation.

B. Duty is a seeded charge name for Landed Cost.

C. You can use multiple currencies within a trade operation for the same charge name on different lines.

D. You can modify a charge name until it is associated with a trade operation.

E. Charge names cannot be associated with a PO schedule.

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. Accrual Reconciliation Report

B. Uninvoiced Receipt Accrual Report

C. Receipt Accounting Real Time Report

D. Accrual Supplier Liability Report

E. Accrual Clearing Report