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

• Question 41:

  What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

  A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

  B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

  C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

  D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

  E. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

  Correct Answer: A

• Question 42:

  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. Receivables invoices; actual cost can be used.

  B. Payables invoices; invoice price variance can be added to item cost.

  C. Receipt costs; costs include adjustments.

  D. Requisition costs; validated costs can be used.

  E. Purchase order costs; item catalog costs can be used.

  Correct Answer: A

• Question 43:

  Which three features are included in Receipt Accounting?

  A. Analyze Standard Purchase Cost Variances

  B. Create Receipt Accounting Distribution

  C. Review Item Costs

  D. Adjust Receipt Accrual Clearing Balances

  E. Review Journal Entries

  Correct Answer: BDE

  https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13- update17d/faims/implementingreceipt-accounting.html#FAIMS1921270

• Question 44:

  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

  Correct Answer: AB

• Question 45:

  Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

  A. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

  B. This requirement will already be met by the default data generated when using Quick Setup.

  C. Create the cost in Manage Cost Scenarios.

  D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

  Correct Answer: B

• Question 46:

  Identify two characteristics of Landed Cost charge names.

  A. Duty is a seeded charge name for Landed Cost.

  B. You can modify a charge name until it is associated with a trade operation.

  C. Charge names cannot be used to tie an invoice to a trade operation.

  D. You can use multiple currencies within a trade operation for the same charge name on different lines.

  E. Charge names cannot be associated with a PO schedule.

  Correct Answer: BD

• Question 47:

  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.

  Correct Answer: AC

• Question 48:

  In which two scenarios would you define account rules based on value sets?

  A. When a chart of accounts is assigned to the value set definition

  B. When a secondary ledger has a different COA

  C. In the absence of a chart of accounts on the accounting method

  D. When there is a mapping set to convert the accounts

  E. If a segment shares the same value set across multiple chart of accounts

  Correct Answer: DE

• Question 49:

  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."

  Correct Answer: E

• Question 50:

  There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

  A. Sub ledger accounting is set up to accomplish this out-of-the-box.

  B. Line Type must be set to Freight.

  C. Account Class must be set to Freight.

  D. Create a condition for a journal line for freight.

  Correct Answer: BC