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

• Question 51:

  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

  Correct Answer: E

• Question 52:

  Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

  A. You can share definitions across multiple cost organizations.

  B. You can control which definitions are visible to different cost organizations

  C. You can streamline your setup effort.

  D. You have the option to share setup data across all cost organizations using the common set.

  E. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

  F. You don't have to create any definitions for cost books.

  Correct Answer: ACDE

• Question 53:

  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.

  Correct Answer: BC

• Question 54:

  You can track costs at what granularity level in Cost Accounting for the actual costing method?

  A. Subinventory, Make, Lot, Serial

  B. Grade, Serial, Group, Lot

  C. Subinventory. Lot, Serial, Grade

  D. Grade, Subinventory, Locator, Serial

  E. Subinventory, Lot, Serial, Locator

  Correct Answer: C

• Question 55:

  Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

  A. Accrual Supplier Liability Report

  B. Accrual Reconciliation Report

  C. Accrual Clearing Report

  D. Uninvoiced Receipt Accrual Report

  E. Receipt Accounting Real Time Report

  Correct Answer: B

  https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725

• Question 56:

  Identify two ways that standard cost is calculated.

  A. Users must manually enter the cost of each configured item; the calculation is not automated.

  B. The standard cost is the sum of the cost of the selected option items.

  C. The cost of a configured item is calculated based on the work definition of the model item.

  D. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.

  E. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

  Correct Answer: BE

• Question 57:

  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.

  Correct Answer: D

• Question 58:

  Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

  A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

  B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

  C. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

  D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

  E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

  F. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

  Correct Answer: BD

• Question 59:

  You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

  A. Activate its journal entry rule set assignments.

  B. Transfer costs to Cost Management.

  C. Create Accounting.

  D. Transfer transactions from Receiving to Costing.

  E. Execute the Preprocessor.

  Correct Answer: A

• Question 60:

  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.

  Correct Answer: B