Oracle Oracle Certifications 1Z0-1074 Questions & Answers

• Question 51:

  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 52:

  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 53:

  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 54:

  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 55:

  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 56:

  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 57:

  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

• Question 58:

  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 59:

  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 60:

  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

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