1Z1-1074 by Oracle Actual Free Exam Questions And Answers

Question 1

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?

A. Rule sets where the accounting rules override the method rule set

B. Rule sets assigned to a secondary ledger with a different COA

C. Rule sets not associated with any chart of accounts

D. Rule sets that use the same chart of accounts

E. Rule sets that have a mapping set to convert the accounts

Discussion 0

Correct Answer: A,B Vote an answer

Question 2

In which two scenarios would you define account rules based on value sets?

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 chart of accounts is assigned to the value set definition

E. When asecondary ledger has a different COA

Discussion 0

Correct Answer: B,C Vote an answer

Question 3

Which three tasks can becompleted in the Receipt Accounting work area?

A. Create Accounting

B. Review Item Costs

C. Manage Accrual Clearing Rules

D. Review Cost Accounting Distributions

E. Create Receipt Accounting Distributions

F. Review and Approve Item Cost Profiles

Discussion 0

Correct Answer: C,D,E Vote an answer

Question 4

Which statement is true regarding the cost cutoff date in Cost Accounting?

A. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.

B. It only affects whether or not you can process a cost adjustment.

C. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Discussion 0

Correct Answer: A Vote an answer

Question 5

There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line forit?

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.

Discussion 0

Correct Answer: A,C Vote an answer

Question 6

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

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.

Discussion 0

Correct Answer: C Vote an answer

Question 7

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

A. Grade, Subinventory, Locator, Serial

B. Subinventory, Lot, Serial, Locator

C. Grade, Serial, Group, Lot

D. Subinventory, Make, Lot, Serial

E. Subinventory. Lot, Serial, Grade

Discussion 0

Correct Answer: E Vote an answer

Question 8

Identify two reference types used to tie a receipt trade operation to an expense invoicefor landing.

A. Expense invoice number

B. Shipment number

C. Internal requisition number

D. Bill of Lading

E. Receipt number

Discussion 0

Correct Answer: B,C Vote an answer

Oracle Cost Management Cloud 2019 Implementation Essentials - 1Z1-1074 Exam Practice Test

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