Free Jul-2024 1z0-1074-23 Certification Sample Questions certification Exam
Certification Topics of 1z0-1074-23 Exam PDF Recently Updated Questions
NEW QUESTION # 18
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 Clearing Report
- B. Accrual Supplier Liability Report
- C. Receipt Accounting Real Time Report
- D. Accrual Reconciliation Report
- E. Uninvoiced Receipt Accrual Report
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 19
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. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- C. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- E. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
Answer: A,B
NEW QUESTION # 20
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- B. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
- C. It can help you with consolidated financial reporting.
- D. It can help you understand true margins and value added by internal business units through the internal supply chain.
- E. It is only used when you do not need to maintain an arm's length relationship.
Answer: A,C,D
NEW QUESTION # 21
Identify four characteristics of a cost element.
- A. It is the granularity at which costs are tracked and accounted.
- B. The mapping of cost components into cost elements is user-defined.
- C. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- D. Users can define any number of cost elements.
- E. It uses date effectivity.
- F. It is user-defined.
Answer: B,C,E,F
NEW QUESTION # 22
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
- A. Bill of Lading
- B. Internal requisition number
- C. Shipment number
- D. Receipt number
- E. Expense invoice number
Answer: A,C
NEW QUESTION # 23
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. The Work Definition is incomplete.
- B. Burdens have not been established for the item
- C. Outstanding purchase orders have not been received.
- D. The item has no on-hand inventory.
- E. The assembly item is marked as Perpetual Average costed.
Answer: A,E
NEW QUESTION # 24
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. Create the cost in Manage Cost Scenarios.
- B. This requirement will already be met by the default data generated when using Quick Setup.
- C. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
- D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
Answer: B
NEW QUESTION # 25
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Line Type must be set to Freight.
- B. Sub ledger accounting is set up to accomplish this out-of-the-box.
- C. Account Class must be set to Freight.
- D. Create a condition for a journal line for freight.
Answer: A,C
NEW QUESTION # 26
How is the standard cost of a manufactured configured item calculated?
- A. It is based on the actual cost of the work order after it is completed.
- B. The standard cost is calculated for every possible combination of options under a model
- C. It is based on the material and resource requirements of a released work order.
- D. The standard cost of a model item is calculated.
Answer: D
NEW QUESTION # 27
Identify three Landed Cost Management tasks.
- A. View Rolled Up Costs
- B. Review Journal Entries
- C. Create Accounting
- D. Perform Allocations
- E. Capture Charges
- F. Manage Cost Scenarios
Answer: C,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem
NEW QUESTION # 28
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
- A. Business Unit and Legal Entity
- B. Inventory Organization and Cost Organization
- C. Business Unit and Cost Organization
- D. Inventory Organization and Legal Entity
- E. Business Unit and Inventory Organization
- F. Legal Entity and Cost Organization
Answer: E
NEW QUESTION # 29
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You don't have to create any definitions for cost books.
- B. You can streamline your setup effort.
- C. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- D. You have the option to share setup data across all cost organizations using the common set.
- E. You can control which definitions are visible to different cost organizations
- F. You can share definitions across multiple cost organizations.
Answer: B,C,D,F
NEW QUESTION # 30
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An error will always occur.
- B. The preprocessor will pre-warn about this error.
- C. The original account is stored on the journal line.
- D. Suspense accounts cannot be used.
- E. An alternate account will be used if provided.
Answer: C,E
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION # 31
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 Period Validation Status
- B. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
- C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
- E. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
Answer: D
NEW QUESTION # 32
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
- A. Journal entry rule sets do not require accounting rules.
- B. Copy and rename predefined subledger journal entry rule sets before modifying them.
- C. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- D. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- E. Use a different journal entry rule set for each ledger with a different accounting convention.
Answer: C,D
NEW QUESTION # 33
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- B. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- C. They must create their valuation units manually.
- D. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
Answer: B
NEW QUESTION # 34
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Item/Business Unit/Route
- B. Item Catalog/Inventory Organization/Business Unit
- C. Item Category/Material Supplier/Landed Cost Charge
- D. Inventory Organization/Landed Cost Charge/Third Party Supplier
- E. Business Unit/Landed Cost Charge/Cost Organization
Answer: B
NEW QUESTION # 35
Which four steps need to be completed to establish standard costs for a make item?
- A. Complete cost roll-up
- B. Create a new cost scenario
- C. Export item costs
- D. Publish costs
- E. Run preprocessor
- F. Add standard costs to a cost scenario
Answer: A,B,D,F
NEW QUESTION # 36
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
- A. Debit Charge Account (expense or inventory), Credit Receiving Inspection
- B. Debit Receiving Inspection, Credit Accrued Liability
- C. Debit Accrued Liability, Credit Accounts Payable
- D. Debit Expense, Credit Receiving Inspection
- E. Debit Expense, Credit Expense Accrual
Answer: A
NEW QUESTION # 37
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)
- A. Review errors in the Create Accounting Execution log.
- B. Refer to the Accounting Event Diagnostic Log.
- C. Refer to the Accounting Event Diagnostic report.
- D. Review errors in the Create Accounting Execution report.
- E. Query the transaction from Review Cost Accounting Distributions to see the error message.
Answer: C,D,E
NEW QUESTION # 38
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. The standard cost is the sum of the cost of the selected option items.
- C. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- D. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
- E. Users must manually enter the cost of each configured item; the calculation is not automated.
Answer: B,C
NEW QUESTION # 39
Identify three characteristics of cost component to cost element mapping.
- A. It is one of the attributes you define as part of your cost profile definitions.
- B. You cannot modify, duplicate, or create user-defined cost components.
- C. You can only define one cost component to cost element mapping for an installation.
- D. It lets you define how cost component level costs will map into cost elements.
- E. It is user-defined.
Answer: A,D,E
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION # 40
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?
- A. Purchase order information should not be imported into Receipt Accounting.
- B. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- C. You do not have the role to import purchase order information into Receipt Accounting.
- D. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- E. This process can only be scheduled and run from the Receipt Accounting work area
Answer: D
NEW QUESTION # 41
......
2024 New Preparation Guide of Oracle 1z0-1074-23 Exam: https://www.latestcram.com/1z0-1074-23-exam-cram-questions.html
1z0-1074-23 Exam Prep Guide: Prep guide for the 1z0-1074-23 Exam: https://drive.google.com/open?id=1DCHzoQ2ufpQvgkXNJ8OuY5Wj5xAyQFJZ
