Oracle 1Z0-1074-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1074-20 Online Questions & Answers

• Question 1:

  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."
  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."

• Question 2:

  Select the two valid relationships between subledger components.

  A. The accounting method holds the accounting rules by Event Class and Event Type.
  B. The journal lines hold the journal entry rule sets.
  C. The accounting method groups journal entry rule sets by Event Class and Event Type.
  D. Journal entry rules are used to hold accounting rules.
  E. Journal entry rule sets hold journal rules and accounting rules.
  D. Journal entry rules are used to hold accounting rules.
  E. Journal entry rule sets hold journal rules and accounting rules.

• Question 3:

  Identify two characteristics of a cost profile.

  A. It is used for calculating the estimated cost of manufactured items under different scenarios.
  B. It is used for Receipt Accounting.
  C. It is where you define your Cost Accounting policies.
  D. It is where you define which cost method you want to use for the cost component to cost element mapping.
  B. It is used for Receipt Accounting.
  C. It is where you define your Cost Accounting policies.

• Question 4:

  You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work are A. Why can't you see this process?

  B. Purchase order information is automatically sent to Receipt Accounting using a real-time method
  C. This process can only be scheduled and run from the Receipt Accounting work area
  D. You do not have the role to import purchase order information into Receipt Accounting.
  E. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
  F. Purchase order information should not be imported into Receipt Accounting.
  A

• Question 5:

  After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

  A. In-transit
  B. Retro-reprice
  C. Adjustments
  D. Overhead
  E. Cost of Goods Sold
  D. Overhead

• Question 6:

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

• Question 7:

  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 the Trade Operations Template in Landed Costs.
  B. Define the route in Functional Setup Manager and associate with Trade Operations 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 Landed Costs and associate with the Trade Operations Template in Landed Costs.
  E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
  A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

• Question 8:

  Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

  A. Internal requisition number
  B. Shipment number
  C. Expense invoice number
  D. Bill of Lading
  E. Receipt number
  A. Internal requisition number
  B. Shipment number

• Question 9:

  Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has

  an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.

  How will the application select the work definition?

  A. It will use the work definition with the January 2, 2016 effective date.
  B. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
  C. It must always use the work definition with the October 1, 2015 effective date.
  D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
  D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

• Question 10:

  You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work

  definition selection criteria as name and then production priority, and you have defined the name as Plan B.

  How will the application select the work definition?

  A. The scenario will choose the work definition that is production priority 1.
  B. The cost planning scenario will use both work definitions for the item.
  C. The application will generate an error because there are two work definitions for the same item.
  D. The application will use the work definition that is named Plan B.
  E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
  A. The scenario will choose the work definition that is production priority 1.