Oracle 1Z0-1024 Online Practice Questions and Exam Preparation

Oracle 1Z0-1024 Online Questions & Answers

• Question 61:

  Which four steps need to be completed to establish standard costs for a make item? (Choose four.)

  A. Export item costs
  B. Run preprocessor
  C. Complete cost roll-up
  D. Publish costs
  E. Create a new cost scenario
  F. Add standard costs to a cost scenario
  A. Export item costs
  B. Run preprocessor
  C. Complete cost roll-up
  D. Publish costs

• Question 62:

  The process to map the AP invoices to the trade operation charges has completed.

  Which entity did the application use to do this?

  A. Preference Types
  B. Routes
  C. Charge Names
  D. Trade Operation Template
  E. Material Receipts
  A. Preference Types

• Question 63:

  Which two things must your customer check daily in order to ensure that all their purchase order transactions from that for in Receipt Accounting Distribution? (Choose two.)

  A. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
  B. Review their accrual balances and clear them.
  C. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
  D. Review their audit receipt accrual clearing balances.
  E. Review their Receipt Accounting processes that show whether any processes failed and why.
  A. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
  E. Review their Receipt Accounting processes that show whether any processes failed and why.

• Question 64:

  After all relevant transactions are In Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger? (Choose two.)

  A. Create distributions.
  B. Assign accruals to purchase order transactions.
  C. Transfer transactions from payables.
  D. Transfer to Subledger Accounting.
  E. Transfer transactions from receiving.
  A. Create distributions.
  D. Transfer to Subledger Accounting.

• Question 65:

  You need to simulate and estimate landed cost charges associated with purchase order receipts of material.

  What must you create to make this possible?

  A. Routes
  B. Cost Scenario
  C. Trade Operation
  D. Charge Name
  E. Orders
  C. Trade Operation

• Question 66:

  At what level can you define item cost profiles?

  A. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
  B. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
  C. 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.
  D. 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 within an inventory organization. There can be only one cost method for an inventory organization.

• Question 67:

  Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

  A. Costing Account Balances Report
  B. In-transit Valuation Report
  C. COGS and Revenue Matching Report
  D. Work in Process Inventory Valuation Report
  E. Layer Inventory Valuation Report
  F. Cost Accounting Valuation Report
  G. Inventory Valuation Report
  A. Costing Account Balances Report
  B. In-transit Valuation Report
  C. COGS and Revenue Matching Report
  D. Work in Process Inventory Valuation Report

• Question 68:

  Which two rules determine whether a condition has been met for accounting rules? (Choose two.)

  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. When the condition is met, the rule associated with that priority is used.
  D. Priorities determine the order in which accounting rule conditions are examined.
  E. Use parenthesis to control the order of the condition evaluation.
  A. The conditions are evaluated in the sequence they are defined in the accounting rule.
  C. When the condition is met, the rule associated with that priority is used.

• Question 69:

  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 Cost and Profit Planning and associate with Trade Operations in Landed Costs.
  B. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
  C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs.
  D. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs.
  E. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
  C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs.

• Question 70:

  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. Receipt costs; costs include adjustments.
  B. Payables invoices; invoice price variance can be added to item cost.
  C. Requisition costs; validated costs can be used.
  D. Purchase order costs; item catalog costs can be used.
  E. Receivables invoices; actual cost can be used.
  E. Receivables invoices; actual cost can be used.