Oracle Oracle Certifications 1Z0-1074-20 Questions & Answers

• Question 11:

  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.

  Correct Answer: A

• Question 12:

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

  A. Work definitions without alternates

  B. Work definitions with specific unit numbers

  C. Work definitions with the highest production priority

  D. Work definitions with the lowest production cost

  E. Work definitions with the highest costing priority

  Correct Answer: BD

• Question 13:

  Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

  A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

  B. They cannot change their current configuration; data generated by Quick Setup cannot be changed.

  C. They must create their valuation units manually.

  D. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

  Correct Answer: D

• Question 14:

  Which three tasks can be completed in the Receipt Accounting work area?

  A. Review and Approve Item Cost Profiles

  B. Review Item Costs

  C. Create Receipt Accounting Distributions

  D. Review Cost Accounting Distributions

  E. Manage Accrual Clearing Rules

  F. Create Accounting

  Correct Answer: CDE

• Question 15:

  Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

  A. Business Unit and Cost Organization

  B. Inventory Organization and Legal Entity

  C. Business Unit and Legal Entity

  D. Business Unit and Inventory Organization

  E. Legal Entity and Cost Organization

  F. Inventory Organization and Cost Organization

  Correct Answer: D

• Question 16:

  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

  Correct Answer: D

• Question 17:

  Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain

  every transaction unsummarized for detailed analysis and drill down.

  How do you accomplish this?

  A. Turn off merge matching lines in the journal line rule.

  B. Turn off the summarize flag in the journal line rule.

  C. Write a custom report.

  D. Turn on detailed posting for GL in the ledger setup.

  E. Extract distribution accounting entries.

  Correct Answer: A

• Question 18:

  What are three cost method choices that are available in Cost Accounting?

  A. Period end average cost

  B. Actual cost (LIFO or Last In First Out)

  C. Periodic average cost

  D. Standard cost

  E. Perpetual average cost

  F. Actual cost (FIFO or First In First Out)

  Correct Answer: BEF

• Question 19:

  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.

  Correct Answer: C

• Question 20:

  Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

  A. Receipt Accounting

  B. Cost Accounting

  C. Landed Cost Management

  D. Inventory Management

  E. Product Model

  Correct Answer: D