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

Oracle 1Z0-1074-20 Online Questions & Answers

• Question 71:

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

• Question 72:

  At what level can you define item cost profiles?

  A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
  B. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
  C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
  D. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
  A. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

• Question 73:

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

• Question 74:

  If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

  A. Rule sets assigned to a secondary ledger with a different COA
  B. Rule sets that have a mapping set to convert the accounts
  C. Rule sets not associated with any chart of accounts
  D. Rule sets where the accounting rules override the method rule set
  E. Rule sets that use the same chart of accounts
  A. Rule sets assigned to a secondary ledger with a different COA
  D. Rule sets where the accounting rules override the method rule set

• Question 75:

  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
  C. Subinventory. Lot, Serial, Grade

• Question 76:

  After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

  A. Transfer to Sub ledger Accounting.
  B. Transfer transactions from payables.
  C. Transfer transactions from receiving.
  D. Create distributions.
  E. Assign accruals to purchase order transactions.
  D. Create distributions.

• Question 77:

  You have configured the application as follows: Expense items are set to accrue at receipt. Receipt Close tolerance is set to 75 percent. Purchasing Line types are set to 2-way match.

  When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added. Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

  A. Change expense items to accrue at period end.
  B. Change the Purchasing Line types to 4-way match.
  C. Change inventory items to accrue at period end.
  D. Change the Purchasing Line types to 3-way match.
  E. Change the Receipt Close tolerance so it is 100 percent.
  B. Change the Purchasing Line types to 4-way match.
  D. Change the Purchasing Line types to 3-way match.

• Question 78:

  Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

  A. Inventory Account Balances Report
  B. COGS Account Balances Report
  C. Revenue and COGS Matching Report
  D. Costing Balances Report
  E. Inventory Valuation Report
  A. Inventory Account Balances Report
  C. Revenue and COGS Matching Report

• Question 79:

  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.
  B. You can modify a charge name until it is associated with a trade operation.
  D. You can use multiple currencies within a trade operation for the same charge name on different lines.