1z0-1074-22 by Oracle Actual Free Exam Questions And Answers

Question 1

Universal Containers has implemented a Knowledge solution to provide Field Technicians with information necessary to complete assigned work. Which two capabilities will now be available?

A. Include Quick Actions and Global Actions in Attached Articles.

B. Manage Attached Articles and Search the Knowledge Base.

C. Attach Knowledge Articles to Work Order Line Items Only.

D. Attach Articles to Work Orders and Work Order Line Items.

Discussion 0

Correct Answer: B,D Vote an answer

Question 2

An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A. Subledger Accounting is already set up to process it.

B. Create a secondary ledger to track gain/loss.

C. Turn on the Subledger Gain or Loss Option.

D. Create a foreign reporting currency to track gain/loss.

Discussion 0

Correct Answer: D Vote an answer

Question 3

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

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.

Discussion 0

Correct Answer: B,C,D,F Vote an answer

Question 4

After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A. Overhead

B. Adjustments

C. In-transit

D. Cost of Goods Sold

E. Retro-reprice

Discussion 0

Correct Answer: A Vote an answer

Question 5

A manager has decided to closethe period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A. Close Pending

B. Never Opened

C. Closed

D. Permanently Closed

E. Open

Discussion 0

Correct Answer: C Vote an answer

Question 6

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A. Receipt Accounting Processes, Cleared Accruals, ReceivingBalances, Receipt Accounting Transactions

B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

C. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

E. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

Discussion 0

Correct Answer: A Vote an answer

Question 7

Universal Containers wants to provide a pro-formal invoice to their customer at the completion of a Work Order. Which three should a Consultant set up in order to achieve this requirement?

A. Create Work Order Line Items with Products.

B. Apply Promotion to the Work Order.

C. Apply Price Book to the Work Order.

D. Create Account-wide Discounts.

E. AppCreate Products and Price Book Entries.

Discussion 0

Correct Answer: A,C,E Vote an answer

Oracle Cost Management Cloud 2022 Implementation Professional - 1z0-1074-22 Exam Practice Test

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