Oracle 1Z0-1074-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1074-22 Online Questions & Answers

• Question 51:

  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
  B. Accrual Reconciliation Report

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  Explanation/Reference:

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

• Question 52:

  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

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  Explanation/Reference:

  https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11

• Question 53:

  Identify four features provided by the Review Work Order Costs UI when displaying work order

  A. Scrap Costs
  B. Variable Costs
  C. Output Costs
  D. Incremental Costs
  E. Input Costs
  F. Standard Cost variances
  A. Scrap Costs
  C. Output Costs
  E. Input Costs
  F. Standard Cost variances

• Question 54:

  You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly. How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

  A. Run the Create Accounting for Costing process with the following parameters: Accounting Mode = Draft Report Style = Detail Transfer to General Ledger = No Post in General Ledger = No
  B. Run the Transfer Transactions from Inventory to Costing process with the following parameters: Accounting Mode = Draft Report Style = Detail Transfer to General Ledger = No Post in General Ledger = No
  C. Run the Create Cost Accounting Distribution process with the following parameters: Accounting Mode = Draft Report Style = Detail Transfer to General Ledger = No Post in General Ledger = No
  D. Run the Create Cost Accounting Distribution process with the following parameters: Accounting Mode = Final Report Style = No report Transfer to General Ledger = No Post in General Ledger = No
  E. Run the Create Accounting for Costing process with the following parameters: Accounting Mode = Final Report Style = No report Transfer to General Ledger = No Post in General Ledger = No
  A. Run the Create Accounting for Costing process with the following parameters: Accounting Mode = Draft Report Style = Detail Transfer to General Ledger = No Post in General Ledger = No

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  Explanation/Reference:

• Question 55:

  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.

• Question 56:

  Identify two characteristics of an expense pool. (Choose two.)

  A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
  B. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
  C. You can define the name of your expense pool, but you cannot define more than one.
  D. It is used only for analyzing gross margins on noninventory sales of services.
  A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
  B. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

• Question 57:

  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 58:

  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.

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  Explanation/Reference:

• Question 59:

  Select two ways to define the standard cost for an item from the Cost Accounting work area.

  A. Manage the Item Cost task.
  B. Import standard costs from receipt layers.
  C. Manage the Standard Cost task.
  D. Create Standard Cost in a spreadsheet.
  A. Manage the Item Cost task.
  D. Create Standard Cost in a spreadsheet.

• Question 60:

  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