1Z0-1074-20 Online Practice Questions and Answers

Your client wants to set up some of their items as expense items and then enable them to be accrued at

period end for one of their business units.

Which two configurations will support this request?

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

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

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

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

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

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

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain. Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

B. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

Identify the four types of cost adjustments.

A. A change to a requisition after the purchase order has been created will create a cost adjustment.

B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

C. A standard cost update will create an inventory value adjustment.

D. Authorized users can manually create cost adjustments.

E. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchase order.

F. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

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.

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.

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

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

Which two steps need to be completed to estimate landed costs?

A. Transfer transactions from the Inventory to the Costing process.

B. Transfer transactions from the Payables to the Costing process.

C. Update standard costs.

D. Allocate charges

E. Prepare the Material Purchase Order Data process.

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

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