Oracle Cost Management Cloud 2021 Implementation Essentials - 1Z0-1074-21 Exam Practice Test

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

B. Requisition costs; validated costs can be used.

C. Receipt costs; costs include adjustments.

D. Receivables invoices; actual cost can be used.

E. Purchase order costs; item catalog costs can be used.

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. 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.

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

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

D. 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.

A. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

B. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

C. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

D. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

E. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

F. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

A. Reference Types

B. Trade Operation Templates

C. Charge Name

D. Trade Operation

E. Routes

A. When account combination rules use constants

B. Every accounting method should have a COA.

C. When using segment rules

D. When using account combination rules

E. When using ledgers that have unique accounting requirements

A. Review their Receipt Accounting processes that show whether any processes failed and why.

B. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

C. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.

D. Review their audit receipt accrual clearing balances.

E. Review their accrual balances and clear them.