Oracle Cost Management Cloud 2020 Implementation Essentials - 1z0-1074-20 Exam Practice Test

A. Journal Entries

B. Purchase Variance Summary

C. Work Order Costs

D. Cost Processing

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

F. Inventory Valuation

A. You can use multiple currencies within a trade operation for the same charge name on different lines.

B. Duty is a seeded charge name for Landed Cost.

C. Charge names cannot be associated with a PO schedule.

D. You can modify a charge name until it is associated with a trade operation.

E. Charge names cannot be used to tie an invoice to a trade operation.

A. Item Catalog/Inventory Organization/Business Unit

B. Item/Business Unit/Route

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

A. Line Type must be set to Freight.

B. Create a condition for a journal line for freight.

C. Account Class must be set to Freight.

D. Sub ledger accounting is set up to accomplish this out-of-the-box.

A. It is used for Receipt Accounting.

B. It is where you define which cost method you want to use for the cost component to cost element mapping.

C. It is where you define your Cost Accounting policies.

D. It is used for calculating the estimated cost of manufactured items under different scenarios.

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

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

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

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

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

F. There is no difference between owned inventory and consigned inventory.

A. Execute the Preprocessor.

B. Create Accounting.

C. Activate its journal entry rule set assignments.

D. Transfer costs to Cost Management.

E. Transfer transactions from Receiving to Costing.

A. In the absence of a chart of accounts on the accounting method

B. If a segment shares the same value set across multiple chart of accounts

C. When there is a mapping set to convert the accounts

D. When a secondary ledger has a different COA

E. When a chart of accounts is assigned to the value set definition