Oracle 1Z0-1024 Online Practice Questions and Exam Preparation

Oracle 1Z0-1024 Online Questions & Answers

• Question 31:

  Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

  A. Receipt Accounting Real Time Report
  B. Accrual Supplier Liability Report
  C. Accrual Reconciliation Report
  D. Accrual Clearing Report
  E. Uninvoiced Receipt Accrual Report
  C. Accrual Reconciliation Report

• Question 32:

  Identify four features provided by the Review Work Order Costs UI when displaying work order costs. (Choose four.)

  A. Scrap Costs
  B. Input Costs
  C. Output Costs
  D. Variable Costs
  E. Standard Cost variances
  F. Incremental Costs
  A. Scrap Costs
  B. Input Costs
  C. Output Costs
  E. Standard Cost variances

• Question 33:

  Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four.)

  A. You can share definitions across multiple cost organizations.
  B. You can streamline your setup effort.
  C. You have the option to share setup data across all cost organizations using the common set.
  D. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
  E. You don't have to create any definitions for cost books.
  F. You can control which definitions are visible to different cost organizations.
  A. You can share definitions across multiple cost organizations.
  B. You can streamline your setup effort.
  C. You have the option to share setup data across all cost organizations using the common set.
  D. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

• Question 34:

  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. Receipt Accounting- Receipt Accounting Distributions Real Time
  B. Receipt Accounting-- Receipt Accounting Transactions Real Time
  C. Costing 璕eceipt Accounting Real Time
  D. Financials-Subledger Accounting-Detail Transactions
  E. Costing-Cost Accounting Real Time
  D. Financials-Subledger Accounting-Detail Transactions

• Question 35:

  Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario. (Choose two.)

  A. Work definitions with the highest costing priority
  B. Work definitions with the lowest production priority
  C. Work definitions with specific unit numbers
  D. Work definitions without alternates
  E. Work definitions with the highest production priority
  B. Work definitions with the lowest production priority
  C. Work definitions with specific unit numbers

• Question 36:

  Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting.

  What is the correct sequence of processes to accomplish this?

  A. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
  B. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
  C. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
  D. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
  E. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
  F. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
  B. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

• Question 37:

  In which two scenarios would you define account rules based on value sets? (Choose two.)

  A. In the absence of a chart of accounts on the accounting method
  B. When a chart of accounts is assigned to the value set definition
  C. If a segment shares the same value set across multiple chart of accounts
  D. When a secondary ledger has a different COA
  E. When there is a mapping set to convert the accounts
  C. If a segment shares the same value set across multiple chart of accounts
  E. When there is a mapping set to convert the accounts

• Question 38:

  Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two.)

  A. Use a different journal entry rule set for each ledger with a different accounting convention.
  B. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
  C. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
  D. Journal entry rule sets do not require accounting rules.
  E. 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.

• Question 39:

  Identify two characteristics of Landed Cost charge names. (Choose two.)

  A. Charge names cannot be associated with a PO schedule.
  B. You can modify a charge name until it is associated with a trade operation.
  C. Duty is a seeded charge name for Landed Cost.
  D. Charge names cannot be used to tie an invoice to a trade operation.
  E. You can use multiple currencies within a trade operation for the same charge name on different lines.
  B. You can modify a charge name until it is associated with a trade operation.
  E. You can use multiple currencies within a trade operation for the same charge name on different lines.

• Question 40:

  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? (Choose three.)

  A. Refer to the Accounting Event Diagnostic report.
  B. Review errors in the Create Accounting Execution log.
  C. Review errors in the Create Accounting Execution report.
  D. Query the transaction from Review Cost Accounting Distributions to see the error message.
  E. Refer to the Accounting Event Diagnostic Log.
  C. Review errors in the Create Accounting Execution report.