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

Oracle 1Z0-1074-20 Online Questions & Answers

• Question 21:

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

• Question 22:

  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)
  B. Actual cost (LIFO or Last In First Out)
  E. Perpetual average cost
  F. Actual cost (FIFO or First In First Out)

• Question 23:

  Which two rules determine whether a condition has been met for accounting rules?

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

• Question 24:

  You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

  A. Charge Name
  B. Reference Types
  C. Trade Operation Templates
  D. Routes
  E. Trade Operation
  B. Reference Types

• Question 25:

  Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

  A. Inventory
  B. Order Management
  C. Purchasing
  D. Financial Orchestration
  E. Shipping
  D. Financial Orchestration

• Question 26:

  Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units. Which two configurations will support this request?

  A. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
  B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
  C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
  D. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
  E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
  F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
  C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
  F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

• Question 27:

  Identify four processors available in the cost processor.

  A. Receipt Processor
  B. Cost Distribution Processor
  C. Cost Reports Processor
  D. Cost of Goods Sold Processor
  E. Cost Accounting Processor
  F. Costing Period Processor
  B. Cost Distribution Processor
  C. Cost Reports Processor
  D. Cost of Goods Sold Processor
  E. Cost Accounting Processor

• Question 28:

  How is the standard cost of a manufactured configured item calculated?

  A. It is based on the material and resource requirements of a released work order.
  B. The standard cost of a model item is calculated.
  C. The standard cost is calculated for every possible combination of options under a model
  D. It is based on the actual cost of the work order after it is completed.
  B. The standard cost of a model item is calculated.

• Question 29:

  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
  D. Inventory Management

• Question 30:

  Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

  A. Event Class: Expense Accrual Event Type: Expense Accrual
  B. Event Class: Period End Accrual Event Type: Period End Accrual
  C. Event Class: Expense Accrual Event Type: Period End Accrual
  D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
  E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
  B. Event Class: Period End Accrual Event Type: Period End Accrual