Oracle Cost Management Cloud 2018 Implementation Essentials - 1Z0-1024 Exam Practice Test

A. The cost planning scenario will use both work definitions for the item.

B. The scenario will choose the work definition that is production priority 1.

C. The application will generate an error because there are two work definitions for the same item.

D. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

E. The application will use the work definition that is named Plan B.

A. The cost of a configured item is calculated based on the work definition of the model item.

B. Users must manually enter the cost of each configured item; the calculation is not automated.

C. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.

D. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes

E. The standard cost is the sum of the cost of the selected option items.

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

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

C. Event Class: Period End Accrual Event Type: Period End Accrual

D. Event Class: Expense Accrual Event Type: Expense Accrual

E. Event Class: Expense Accrual Event Type: Period End Accrual

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

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

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

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

A. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.

B. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task

C. Run the "Activate Accounting Methods" process.

D. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

E. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.

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

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

E. It can help you with consolidated financial reporting.

A. Create Data Access on the Accounts Payable role for the correct inventory organization.

B. Create Data Access on the Cost Accountant role for the correct cost organization.

C. Create Data Access on the Accounts Payable role for the correct cost organization.

D. Create Data Access on the Cost Accountant role for the correct inventory organization.

A. Review Item Costs

B. Manage Resource Rates

C. Review Work Order Costs

D. Estimating Standard Costs for Assemblies

E. Manage Cost Accounting Periods

F. Analyzing and Comparing Costs