Online 1z0-1074-23 Test Brain Dump Question and Test Engine [Q25-Q47]

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Online 1z0-1074-23 Test Brain Dump Question and Test Engine

Real Oracle 1z0-1074-23 Exam Dumps with Correct 80 Questions and Answers

NEW QUESTION 25
Identify three Landed Cost Management tasks.

Capture Charges

View Rolled Up Costs

Manage Cost Scenarios

Perform Allocations

Create Accounting

Review Journal Entries

NEW QUESTION 26
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?

Turn off merge matching lines in the journal line rule.

Turn off the summarize flag in the journal line rule.

Write a custom report.

Turn on detailed posting for GL in the ledger setup.

Extract distribution accounting entries.

NEW QUESTION 27
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?

It can help you understand true margins and value added by internal business units through the internal supply chain.

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.

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.

It can help you with consolidated financial reporting.

It is only used when you do not need to maintain an arm’s length relationship.

NEW QUESTION 28
Which two statements are true about Cost Accounting books? (Choose two.)

A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.

A cost organization has one book that posts to the primary ledger.

Every cost organization must use different book names; they cannot be shared.

Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.

NEW QUESTION 29
Identify four processors available in the cost processor.

Receipt Processor

Cost Distribution Processor

Cost Reports Processor

Cost of Goods Sold Processor

Cost Accounting Processor

Costing Period Processor

NEW QUESTION 30
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

Inventory

Order Management

Purchasing

Financial Orchestration

Shipping

NEW QUESTION 31
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?

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

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

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

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

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

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

NEW QUESTION 32
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

Rule sets assigned to a secondary ledger with a different COA

Rule sets that have a mapping set to convert the accounts

Rule sets not associated with any chart of accounts

Rule sets where the accounting rules override the method rule set

Rule sets that use the same chart of accounts

NEW QUESTION 33
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

Event Class: Expense Accrual Event Type: Expense Accrual

Event Class: Period End Accrual Event Type: Period End Accrual

Event Class: Expense Accrual Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

NEW QUESTION 34
A chart of accounts (COA) must be specified on the accounting method for which two situations?

When using ledgers that have unique accounting requirements

When using account combination rules

When account combination rules use constants

Every accounting method should have a COA.

When using segment rules

NEW QUESTION 35
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?

Receipt Accounting- Receipt Accounting Distributions Real Time

Receipt Accounting– Receipt Accounting Transactions Real Time

Costing -Receipt Accounting Real Time

Financials-Subledger Accounting-Detail Transactions

Costing-Cost Accounting Real Time

NEW QUESTION 36
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

Purchase Variance Summary

Journal Entries

Item Costs

Cost Processing

Work Order Costs

Inventory Valuation

NEW QUESTION 37
Identify four characteristics of a cost element.

Users can define any number of cost elements.

It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

It is the granularity at which costs are tracked and accounted.

It is user-defined.

The mapping of cost components into cost elements is user-defined.

It uses date effectivity.

NEW QUESTION 38
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

Business Unit and Cost Organization

Inventory Organization and Legal Entity

Business Unit and Legal Entity

Business Unit and Inventory Organization

Legal Entity and Cost Organization

Inventory Organization and Cost Organization

NEW QUESTION 39
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

Transfer to Sub ledger Accounting.

Transfer transactions from payables.

Transfer transactions from receiving.

Create distributions.

Assign accruals to purchase order transactions.

NEW QUESTION 40
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

It will use the work definition with the January 2, 2016 effective date.

Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

It must always use the work definition with the October 1, 2015 effective date.

You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

NEW QUESTION 41
You can track costs at what granularity level in Cost Accounting for the actual costing method?

Subinventory, Make, Lot, Serial

Grade, Serial, Group, Lot

Subinventory. Lot, Serial, Grade

Grade, Subinventory, Locator, Serial

Subinventory, Lot, Serial, Locator

NEW QUESTION 42
Identify the four types of cost adjustments.

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

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 purchaseorder.

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

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

A standard cost update will create an inventory value adjustment.

Authorized users can manually create cost adjustments.

NEW QUESTION 43
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?

Inventory Account Balances Report
B COGS Account Balances Report

Revenue and COGS Matching Report

Costing Balances Report

Inventory Valuation Report

NEW QUESTION 44
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.

Add the subledger journal entry rule sets to the Manage Accounting Methods task.

Run the “Activate Subledger Journal Entry Rule Set Assignments” process.

Run the “Activate Accounting Methods” process.

Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

NEW QUESTION 45
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

Activate its journal entry rule set assignments.

Transfer costs to Cost Management.

Create Accounting.

Transfer transactions from Receiving to Costing.

Execute the Preprocessor.

NEW QUESTION 46
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

Internal requisition number

Shipment number

Expense invoice number

Bill of Lading

Receipt number

NEW QUESTION 47
How is the standard cost of a manufactured configured item calculated?

It is based on the material and resource requirements of a released work order.

The standard cost of a model item is calculated.

The standard cost is calculated for every possible combination of options under a model

It is based on the actual cost of the work order after it is completed.

Valid 1z0-1074-23 Test Answers & Oracle 1z0-1074-23 Exam PDF: https://www.practicematerial.com/1z0-1074-23-exam-materials.html

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