Oracle 1Z0-1074-24 Exam Real Questions

Prepare and pass your Oracle Cost Management Cloud 2024 Implementation Professional with free 1Z0-1074-24 exam questions.

Page: 1 / 17

Total 82 Questions | Updated On: Oct 08, 2024

Add To Cart

Question 1

Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

A : ventory

B : der Management

C : rchasing

D : nancial Orchestration

E : ipping

Answer: D

Question 2

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing

policies, they realize that they want to cost some of their lotsdifferently then others

What must they do to accomplish this?

A : ick Setup generates valuation units so they just have to access those valuation units and make their changes.

B : ey cannot change their current configuration; data generated by Quick Setup cannot be changed.

C : ey must create their valuation units manually.

D : ick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: D

Question 3

Identify the four types of cost adjustments.

A : change to a requisitionafter the purchase order has been created will create a cost adjustment.

B : revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

C : tandard cost update will create an inventory value adjustment.

D : thorized users can manually create cost adjustments.

E : en a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order

F : retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Answer: A,B,D

Question 4

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing

policies, they realize that they want to cost some of their lotsdifferently then others

What must they do to accomplish this?

A : ick Setup generates valuation units so they just have to access those valuation units and make their changes.

B : ey cannot change their current configuration; data generated by Quick Setup cannot be changed.

C : ey must create their valuation units manually.

D : ick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: D

Question 5

You have configured the application as follows:

• Expense items are set to accrue at receipt.

• Receipt Close tolerance is set to 75 percent.

• Purchasing Line types are set to 2-way match.

When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is

added.

Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

A : ange expense items to accrue at period end.

B : ange the Purchasing Line types to 4-way match.

C : ange inventory items to accrue at period end.

D : ange the Purchasing Line types to 3-way match.

E : ange the Receipt Close tolerance so it is 100 percent.

Answer: B,D

Page: 1 / 17

Total 82 Questions | Updated On: Oct 08, 2024

Add To Cart