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

Oracle 1Z0-1074-20 Online Questions & Answers

• Question 41:

  Which two statements are true about Cost Accounting books? (Choose two.)

  A. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
  B. A cost organization has one book that posts to the primary ledger.
  C. Every cost organization must use different book names; they cannot be shared.
  D. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
  A. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
  B. A cost organization has one book that posts to the primary ledger.

• Question 42:

  When attempting to open costing periods, your customer is receiving the following error:

  Error: You do not have the required permission. You can request that your help desk change your security settings.

  What configuration needs to be done so your customer will be able to open the Cost Accounting period?

  A. Create Data Access on the Accounts Payable role for the correct cost organization.
  B. Create Data Access on the Accounts Payable role for the correct inventory organization.
  C. Create Data Access on the Cost Accountant role for the correct inventory organization.
  D. Create Data Access on the Cost Accountant role for the correct cost organization.
  A. Create Data Access on the Accounts Payable role for the correct cost organization.

• Question 43:

  Identify three characteristics of cost component to cost element mapping.

  A. You cannot modify, duplicate, or create user-defined cost components.
  B. You can only define one cost component to cost element mapping for an installation.
  C. It is one of the attributes you define as part of your cost profile definitions.
  D. It is user-defined.
  E. It lets you define how cost component level costs will map into cost elements.
  C. It is one of the attributes you define as part of your cost profile definitions.
  D. It is user-defined.
  E. It lets you define how cost component level costs will map into cost elements.

• Question 44:

  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
  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

• Question 45:

  Which three cost planning tasks can be performed in the Cost Accounting work area?

  A. Review Work Order Costs
  B. Review Item Costs
  C. Analyzing and Comparing Costs
  D. Estimating Standard Costs for Assemblies
  E. Manage Resource Rates
  F. Manage Cost Accounting Periods
  A. Review Work Order Costs
  D. Estimating Standard Costs for Assemblies
  E. Manage Resource Rates

• Question 46:

  Which statement is true regarding the cost cutoff date in Cost Accounting?

  A. It only affects whether or not you can process a cost adjustment.
  B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
  C. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
  D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
  B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

• Question 47:

  Landed Cost Variance Analysis can be performed based on which three dimension combinations?

  A. Business Unit/Landed Cost Charge/Cost Organization
  B. Item/Business Unit/Route
  C. Item Category/Material Supplier/Landed Cost Charge
  D. Inventory Organization/Landed Cost Charge/Third Party Supplier
  E. Item Catalog/Inventory Organization/Business Unit
  E. Item Catalog/Inventory Organization/Business Unit

• Question 48:

  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
  D. Business Unit and Inventory Organization

• Question 49:

  An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed. How do you get the journal line rule to calculate the gain or loss?

  A. Create a foreign reporting currency to track gain/loss.
  B. Create a secondary ledger to track gain/loss.
  C. Turn on the Subledger Gain or Loss Option.
  D. Subledger Accounting is already set up to process it.
  A. Create a foreign reporting currency to track gain/loss.

• Question 50:

  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
  B. Create Receipt Accounting Distribution
  D. Adjust Receipt Accrual Clearing Balances
  E. Review Journal Entries