Pass Your Cost Management Cloud 1z0-1074-23 Exam on Mar 29, 2024 with 80 Questions
1z0-1074-23 Free Exam Study Guide! (Updated 80 Questions)
NEW QUESTION # 35
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Accrual Clearing Report
- B. Uninvoiced Receipt Accrual Report
- C. Accrual Reconciliation Report
- D. Accrual Supplier Liability Report
- E. Receipt Accounting Real Time Report
Answer: C
Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 36
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?
- A. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
- B. Event Class: Expense Accrual Event Type: Period End Accrual
- C. Event Class: Period End Accrual Event Type: Period End Accrual
- D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
- E. Event Class: Expense Accrual Event Type: Expense Accrual
Answer: C
NEW QUESTION # 37
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, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
- B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
- C. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
- D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
Answer: C
NEW QUESTION # 38
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It can help you understand true margins and value added by internal business units through the internal supply chain.
- 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 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.
- D. It can help you with consolidated financial reporting.
- E. It is only used when you do not need to maintain an arm's length relationship.
Answer: A,C,D
NEW QUESTION # 39
How is the standard cost of a manufactured configured item calculated?
- A. It is based on the material and resource requirements of a released work order.
- B. It is based on the actual cost of the work order after it is completed.
- C. The standard cost of a model item is calculated.
- D. The standard cost is calculated for every possible combination of options under a model
Answer: C
NEW QUESTION # 40
Which two steps need to be completed to estimate landed costs?
- A. Allocate charges
- B. Update standard costs.
- C. Transfer transactions from the Payables to the Costing process.
- D. Prepare the Material Purchase Order Data process.
- E. Transfer transactions from the Inventory to the Costing process.
Answer: A,D
NEW QUESTION # 41
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
- A. Charge Names
- B. PreReference Types
- C. Trade Operation Template
- D. Material Receipts
- E. Routes
Answer: B
NEW QUESTION # 42
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Inventory Management
- B. Receipt Accounting
- C. Landed Cost Management
- D. Product Model
- E. Cost Accounting
Answer: A
NEW QUESTION # 43
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Overhead
- B. In-transit
- C. Adjustments
- D. Retro-reprice
- E. Cost of Goods Sold
Answer: B
Explanation:
Cost Accounting Processor processes is consisted of Physical inventory transactions andTrade transactions. Trade Accounting Processor to process all in-transit transactions.
NEW QUESTION # 44
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?
- A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- C. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- D. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt.
Answer: B,F
NEW QUESTION # 45
Identify three Landed Cost Management tasks.
- A. Create Accounting
- B. Manage Cost Scenarios
- C. Perform Allocations
- D. View Rolled Up Costs
- E. Capture Charges
- F. Review Journal Entries
Answer: A,C,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem
NEW QUESTION # 46
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their accrual balances and clear them.
- 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 Receipt Accounting processes that show whether any processes failed and why.
- E. Review their audit receipt accrual clearing balances.
Answer: A,C
NEW QUESTION # 47
At what level can you define item cost profiles?
- A. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
- B. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
- C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
- D. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
Answer: B
NEW QUESTION # 48
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An error will always occur.
- B. Suspense accounts cannot be used.
- C. An alternate account will be used if provided.
- D. The original account is stored on the journal line.
- E. The preprocessor will pre-warn about this error.
Answer: C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION # 49
Identify two purposes of Sub ledger Accounting.
- A. to centralize accounting string generation across all modules
- B. to calculate costs for transactions
- C. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- D. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
- E. to maintain backward compatibility
Answer: B,D
NEW QUESTION # 50
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Analyzing and Comparing Costs
- B. Estimating Standard Costs for Assemblies
- C. Review Work Order Costs
- D. Manage Resource Rates
- E. Management Cost Accounting Periods
- F. Review Item Costs
Answer: A,B,D
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION # 51
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)
- A. Query the transaction from Review Cost Accounting Distributions to see the error message.
- B. Refer to the Accounting Event Diagnostic report.
- C. Review errors in the Create Accounting Execution report.
- D. Refer to the Accounting Event Diagnostic Log.
- E. Review errors in the Create Accounting Execution log.
Answer: A,B,C
NEW QUESTION # 52
......
1z0-1074-23 Dumps for Cost Management Cloud Certified Exam Questions and Answer: https://www.fast2test.com/1z0-1074-23-premium-file.html
Realistic Verified 1z0-1074-23 exam dumps Q&As - 1z0-1074-23 Free Update: https://drive.google.com/open?id=13RXvJId7Kfk-GiRzEZxIIF4NJtoMvHIA