1z0-1074-22 Exam PDF [2023] Tests Free Updated Today with Correct 108 Questions [Q27-Q50]

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1z0-1074-22 Exam PDF [2023] Tests Free Updated Today with Correct 108 Questions

Oracle 1z0-1074-22 Exam Preparation Guide and PDF Download

Oracle 1z0-1074-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Analyze and resolve errors and exceptions Describe the Landed Cost Work Area
Topic 2	Explain the relationships of Subledger Components Describe the Receipt Accounting Work Area
Topic 3	Explain Common Inventory Configurations Managerial Accounting Overview Manage Daily Cost Accounting tasks
Topic 4	Create Standard Costs, Resource Rates, and Overhead Rates Explain key implementation decision points
Topic 5	Configure Costing methods (Standard, Perpetual, and Actual) Manage daily Receipt Accounting tasks
Topic 6	Manage Charge Names, Referance types & Routes Describe the Cost Accounting Work Area
Topic 7	Explain the Role of Costing Key setups and Cost policies Explain Cost Accounting and how it integrates with other modules
Topic 8	Costing and Inventory Foundations Receipt Accounting Overview
Topic 9	Explain the Receipt & Cost Accounting Subledger Create a Subledger Journal Entry Rule set
Topic 10	Explain Common Projects Enabled SCM Configurations Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost
Topic 11	Manage Project enabled Work Orders Receipt Accounting processes
Topic 12	Perform Cost Accounting processes & Reporting Analyze and resolve Standard Cost variances

QUESTION 27
the org -wide default sharing for a service appointment Is set to private If the service appointment is cancelled, which users will have visibility to the record?

assigned resources, owner of service appointment and members of user territory

assigned resources, owner of service appointment and members of service territory

owner of service appointment and members of user territory

owner of service appointment and members of service territory

QUESTION 28
Universal containers (UC) wants to schedule work orders only if technicians have the necessary qualifications to complete the designated work In which two ways can UC achieve this Choose 2 answers

Leverage the match skills scheduling policy when scheduling appointments

Create skills that relate to qualifications from the skills tab end assign them to a service resource

Leverage the match skills work rule when scheduling appointments

Create skills that relate to qualifications from setup and assign them to a service resource

QUESTION 29
Select the two valid relationships between subledger components.

Theaccounting method holds the accounting rules by Event Class and Event Type.

The journal lines hold the journal entry rule sets.

The accounting method groups journal entry rule sets by Event Class and Event Type.

Journal entry rules are used to hold accounting rules.

Journal entry rule sets hold journal rules and accounting rules.

Explanation
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm

QUESTION 30
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

Purchase Variance Summary

Journal Entries

Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing

Cost Processing

Work Order Costs

Inventory Valuation

QUESTION 31
You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

Charge Name

Reference Types

Trade Operation Templates

Routes

Trade Operation

QUESTION 32
Which twooutcomes can happen in create accounting when an account combination returned is end dated?

The original account is stored on the journal line.

Suspense accounts cannot be used.

An alternate account will be used if provided.

An error will always occur.

The preprocessor will pre-warn about this error.

Explanation
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668

QUESTION 33
When running the Transfer Costs to Cost Management process,where will the primary default source for costs come from and what is the effect?

Receivables invoices; actual cost can be used.

Payables invoices; invoice price variance can be added to item cost.

Receipt costs; costs include adjustments.

Requisition costs; validated costs can be used.

Purchase order costs; item catalog costs can be used.

QUESTION 34
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

Material Receipts

Charge Names

PreReference Types

Routes

Trade OperationTemplate

QUESTION 35
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.

QUESTION 36
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

There is no difference between owned inventory and consigned inventory.

The liability for a consigned item occurs when there is an ownership event.

A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

The quantity is tracked in inventory but not as an asset until there is an ownership event

Consigned items can appear on inventory reports with information about the eventual value of the consigned item

QUESTION 37
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 ProcurementBusiness 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 toAt Receipt.

QUESTION 38
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

Run the Transactions from Procurement to Costing process.

Run the Transfer Costs from Payables to Cost Management process.

Run the Create Accounting process.

Run the Clear Receipt Accrual Balances process.

Run the Transactions from Receiving to Costing process.

QUESTION 39
Universal Containers wants their Technicians to be allowed to reschedule a visit for the same work within the Field Service mobile application. What approach should a Consultant recommend?

Create a Visualforce page that will create a new Service Appointment record.

Create a Quick Action that will create a new Work Order record.

Create a Visualforce page that will create a new Work Order record.

Create a Quick Action that will create a new Service Appointment record.

QUESTION 40
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

You can share definitions across multiple cost organizations.

You cancontrol which definitions are visible to different cost organizations

You can streamline your setup effort.

You have the option to share setup data across all cost organizations using the common set.

You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

You don’t have to create any definitions for cost books.

QUESTION 41
universal containers wants to provide a view of emergency work that is only visible to dispatchers What should the consultant do to meet the requirement?

Custom lightning component

Custom gantt filter

Custom report in a private report folder

Custom list view

QUESTION 42
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed CostVariance?

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

QUESTION 43
Identify two purposes of Subledger Accounting.

to maintain backward compatibility

to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level

to calculate costs for transactions

to create accounting strings that can be viewedand corrected just before they are transferred to the General Ledger

to centralize accounting string generation across all modules

QUESTION 44
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer’s requirement and resolve this error?

Perform cost account validations for August in Manage Cost Accounting Periods

Run the Transfer Transactions to Costing process.

Close the August period; you can never have two open periods at the same time.

Change the number of maximum open periods in Manage Cost Organization Relationships

QUESTION 45
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 PeriodProcessor

Explanation
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.

QUESTION 46
Which two steps need to be completed to estimate landed costs?

Transfer transactions from the Inventory to the Costing process.

Transfer transactions from the Payables to the Costing process.

Update standard costs.

Allocate charges

Prepare the Material Purchase Order Data process.

QUESTION 47
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.

QUESTION 48
universal containers technician may be assigned to jobs with arrival window to meet the costumer appointment time preference technicians are also assigned to jobs without a preferred appointment time In which two ways should the consultant define operation house to meet this requirement Choose 2 answers

When service resources are available for work

The due date of the service appointment

The maintenance plan for account

The time slots for appointment booking

QUESTION 49
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

Rulesets that use the same chart of accounts

QUESTION 50
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

Receipt Accounting

Cost Accounting

Landed Cost Management

Inventory Management

Product Model

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Oracle 1z0-1074-22 Exam Syllabus Topics:

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