Latest Success Metrics For Actual 1z0-1074-23 Exam (Updated 80 Questions)
Genuine 1z0-1074-23 Exam Dumps Free Demo Valid QA's
NEW QUESTION # 40
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?
- A. The accounting method must have a mapping set to convert the accounts.
- B. The accounting method can be assigned to any ledger.
- C. Any secondary ledger that uses the method cannot have a COA.
- D. Accounting rules cannot override the accounting method.
- E. The accounting method may only be used by ledgers without a COA.
Answer: B
NEW QUESTION # 41
Identify two characteristics of an expense pool. (Choose two.)
- A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- B. You can define the name of your expense pool, but you cannot define more than one.
- C. It is used only for analyzing gross margins on noninventory sales of services.
- D. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
Answer: A,D
NEW QUESTION # 42
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost of a model item is calculated.
- B. The standard cost is calculated for every possible combination of options under a model
- C. It is based on the material and resource requirements of a released work order.
- D. It is based on the actual cost of the work order after it is completed.
Answer: A
NEW QUESTION # 43
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this? (Choose two)
- A. Use a different journal entry rule set for each ledger with a different accounting convention.
- B. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- C. Copy and rename predefined subledger journal entry rule sets before modifying them.
- D. Journal entry rule sets do not require accounting rules.
- E. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
Answer: B,E
NEW QUESTION # 44
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Cost of Goods Sold
- B. Retro-reprice
- C. Overhead
- D. In-transit
- E. Adjustments
Answer: D
Explanation:
Cost Accounting Processor processes is consisted of Physical inventory transactions andTrade transactions. Trade Accounting Processor to process all in-transit transactions.
NEW QUESTION # 45
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?
- A. Debit Expense, Credit Receiving Inspection
- B. Debit Expense, Credit Expense Accrual
- C. Debit Receiving Inspection, Credit Accrued Liability
- D. Debit Accrued Liability, Credit Accounts Payable
- E. Debit Charge Account (expense or inventory), Credit Receiving Inspection
Answer: E
NEW QUESTION # 46
What are three cost method choices that are available in Cost Accounting?
- A. Actual cost (FIFO or First In First Out)
- B. Standard cost
- C. Perpetual average cost
- D. Actual cost (LIFO or Last In First Out)
- E. Period end average cost
- F. Periodic average cost
Answer: A,C,D
NEW QUESTION # 47
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?
- A. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- B. You do not have the role to import purchase order information into Receipt Accounting.
- C. Purchase order information should not be imported into Receipt Accounting.
- D. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- E. This process can only be scheduled and run from the Receipt Accounting work area
Answer: D
NEW QUESTION # 48
Which two statements are true about Cost Accounting books? (Choose two.)
- A. A cost organization has one book that posts to the primary ledger.
- B. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
- C. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
- D. Every cost organization must use different book names; they cannot be shared.
Answer: A,B
NEW QUESTION # 49
Identify two ways that standard cost is calculated.
- A. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
- B. The standard cost is the sum of the cost of the selected option items.
- C. Users must manually enter the cost of each configured item; the calculation is not automated.
- D. The cost of a configured item is calculated based on the work definition of the model item.
- E. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
Answer: B,E
NEW QUESTION # 50
Which three tasks can be completed in the Receipt Accounting work area?
- A. Review Cost Accounting Distributions
- B. Review Item Costs
- C. Create Accounting
- D. Manage Accrual Clearing Rules
- E. Create Receipt Accounting Distributions
- F. Review and Approve Item Cost Profiles
Answer: A,D,E
NEW QUESTION # 51
Identify three characteristics of cost component to cost element mapping.
- A. You can only define one cost component to cost element mapping for an installation.
- B. It lets you define how cost component level costs will map into cost elements.
- C. It is user-defined.
- D. It is one of the attributes you define as part of your cost profile definitions.
- E. You cannot modify, duplicate, or create user-defined cost components.
Answer: B,C,D
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION # 52
Identify four processors available in the cost processor.
- A. Cost Reports Processor
- B. Receipt Processor
- C. Costing Period Processor
- D. Cost Distribution Processor
- E. Cost of Goods Sold Processor
- F. Cost Accounting Processor
Answer: A,D,E,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.
NEW QUESTION # 53
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. Accrual Supplier Liability Report
- C. Accrual Reconciliation Report
- D. Receipt Accounting Real Time Report
- E. Uninvoiced Receipt Accrual Report
Answer: C
Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 54
Which four steps need to be completed to establish standard costs for a make item?
- A. Run preprocessor
- B. Create a new cost scenario
- C. Export item costs
- D. Publish costs
- E. Add standard costs to a cost scenario
- F. Complete cost roll-up
Answer: B,D,E,F
NEW QUESTION # 55
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Analyzing and Comparing Costs
- B. Review Work Order Costs
- C. Estimating Standard Costs for Assemblies
- D. Review Item Costs
- E. Manage Resource Rates
- F. Management Cost Accounting Periods
Answer: A,C,E
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION # 56
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 that use the same chart of accounts
- B. Rule sets assigned to a secondary ledger with a different COA
- C. Rule sets that have a mapping set to convert the accounts
- D. Rule sets not associated with any chart of accounts
- E. Rule sets where the accounting rules override the method rule set
Answer: A,D
NEW QUESTION # 57
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - C. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. - D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- E. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
Answer: A,C
NEW QUESTION # 58
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