Free Oracle 1Z0-1074-24 Exam Questions

Become Oracle Certified with updated 1Z0-1074-24 exam questions and correct answers

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Total 82 Questions | Updated On: May 04, 2024

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Question 1

Identify two characteristics of Landed Cost charge names.

A : ty is a seededcharge name for Landed Cost.

B : u can modify a charge name until it is associated with a trade operation.

C : arge names cannot be used to tie an invoice to a trade operation.

D : u can use multiple currencies within a trade operation for the samecharge name on different lines.

E : arge names cannot be associated with a PO schedule.

Answer: B,D

Question 2

A manager has decided to close the period by not allowing any new transactions, except for correctionsand

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 : en

B : osed

C : rmanently Closed

D : ver Opened

E : ose Pending

Answer: B

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

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

A : en a chart of accounts is assigned to the value set definition

B : en asecondary ledger has a different COA

C : the absence of a chart of accounts on the accounting method

D : en there is a mapping set to convert the accounts

E : a segment shares the same value set across multiple chart of accounts

Answer: A,D

Question 5

Which four steps need to be completed to establish standard costs for a make item?

A : n preprocessor.

B : mplete cost roll-up.

C : blish costs

D : port item costs.

E : standard costs to a cost scenario.

F : eate a new cost scenario.

Answer: A,B,C,D

Page: 1 / 17

Total 82 Questions | Updated On: May 04, 2024

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