80 Exam Questions for 1z0-1074-23 Updated Versions With Test Engine
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NEW QUESTION # 33
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Shipping
- B. Purchasing
- C. Order Management
- D. Inventory
- E. Financial Orchestration
Answer: E
NEW QUESTION # 34
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
- A. Execute the Preprocessor.
- B. Activate its journal entry rule set assignments.
- C. Transfer transactions from Receiving to Costing.
- D. Transfer costs to Cost Management.
- E. Create Accounting.
Answer: B
NEW QUESTION # 35
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 Cost Accountant role for the correct inventory organization.
- B. Create Data Access on the Cost Accountant role for the correct cost organization.
- C. Create Data Access on the Accounts Payable role for the correct inventory organization.
- D. Create Data Access on the Accounts Payable role for the correct cost organization.
Answer: B
NEW QUESTION # 36
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
- A. Write a custom report.
- B. Turn off the summarize flag in the journal line rule.
- C. Extract distribution accounting entries.
- D. Turn off merge matching lines in the journal line rule.
- E. Turn on detailed posting for GL in the ledger setup.
Answer: D
NEW QUESTION # 37
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. Turn on the Subledger Gain or Loss Option.
- B. Create a secondary ledger to track gain/loss.
- C. Subledger Accounting is already set up to process it.
- D. Create a foreign reporting currency to track gain/loss.
Answer: A
NEW QUESTION # 38
You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?
- A. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
- B. The application will use the work definition that is named Plan B.
- C. The application will generate an error because there are two work definitions for the same item.
- D. The scenario will choose the work definition that is production priority 1.
- E. The cost planning scenario will use both work definitions for the item.
Answer: D
NEW QUESTION # 39
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 = Final
* Report Style = No report
* 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 = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No - D. 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 - E. 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
Answer: E
NEW QUESTION # 40
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 Reconciliation Report
- B. Accrual Supplier Liability Report
- C. Receipt Accounting Real Time Report
- D. Accrual Clearing Report
- E. Uninvoiced Receipt Accrual Report
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 41
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions with specific unit numbers
- B. Work definitions with the lowest production priority
- C. Work definitions with the highest costing priority
- D. Work definitions without alternates
- E. Work definitions with the highest production priority
Answer: C,E
NEW QUESTION # 42
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Work in Process Inventory Valuation Report
- B. Inventory Valuation Report
- C. In-transit Valuation Report
- D. COGS and Revenue Matching Report
- E. Layer Inventory Valuation Report
- F. Cost Accounting Valuation Report
- G. Costing Account Balances Report
Answer: B,C,E,G
NEW QUESTION # 43
Identify two ways that standard cost is calculated.
- A. The cost of a configured item is calculated based on the work definition of the model item.
- B. Users must manually enter the cost of each configured item; the calculation is not automated.
- C. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
- D. The standard cost is the sum of the cost of the selected option items.
- E. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
Answer: D,E
NEW QUESTION # 44
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. You can define the name of your expense pool, but you cannot define more than one.
- C. It is used only for analyzing gross margins on noninventory sales of services.
- D. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
Answer: A,D
NEW QUESTION # 45
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 streamline your setup effort.
- C. You have the option to share setup data across all cost organizations using the common set.
- D. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- E. You don't have to create any definitions for cost books.
- F. You can control which definitions are visible to different cost organizations
Answer: A,B,C,D
NEW QUESTION # 46
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Standard Cost variances
- B. Incremental Costs
- C. Variable Costs
- D. Input Costs
- E. Scrap Costs
- F. Output Costs
Answer: A,D,E,F
NEW QUESTION # 47
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
- A. Purchase order costs; item catalog costs can be used.
- B. Payables invoices; invoice price variance can be added to item cost.
- C. Receipt costs; costs include adjustments.
- D. Requisition costs; validated costs can be used.
- E. Receivables invoices; actual cost can be used.
Answer: B
NEW QUESTION # 48
Which two steps need to be completed to estimate landed costs?
- A. Transfer transactions from the Payables to the Costing process.
- B. Update standard costs.
- C. Prepare the Material Purchase Order Data process.
- D. Allocate charges
- E. Transfer transactions from the Inventory to the Costing process.
Answer: C,D
NEW QUESTION # 49
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. Create distributions.
- C. Transfer transactions from payables.
- D. Assign accruals to purchase order transactions.
- E. Transfer transactions from receiving.
Answer: B
NEW QUESTION # 50
Which two rules determine whether a condition has been met for accounting rules?
- A. Priorities determine the order in which accounting rule conditions are examined.
- B. After all conditions are tested, the final resulting value is used.
- C. The conditions are evaluated in the sequence they are defined in the accounting rule.
- D. Use parenthesis to control the order of the condition evaluation.
- E. When the condition is met, the rule associated with that priority is used.
Answer: A,E
NEW QUESTION # 51
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