Brilliant 1z0-1074-20 Exam Dumps Get 1z0-1074-20 Dumps PDF
1z0-1074-20 Dumps PDF - 1z0-1074-20 Real Exam Questions Answers
Oracle 1z0-1074-20 Exam Syllabus Topics:
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NEW QUESTION 17
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Item Category/Material Supplier/Landed Cost Charge
- B. Business Unit/Landed Cost Charge/Cost Organization
- C. Item Catalog/Inventory Organization/Business Unit
- D. Item/Business Unit/Route
- E. Inventory Organization/Landed Cost Charge/Third Party Supplier
Answer: C
NEW QUESTION 18
Identify three Landed Cost Management tasks.
- A. Perform Allocations
- B. Manage Cost Scenarios
- C. View Rolled Up Costs
- D. Review Journal Entries
- E. Capture Charges
- F. Create Accounting
Answer: A,E,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624
NEW QUESTION 19
Which two rules determine whether a condition has been met for accounting rules?
- A. Use parenthesis to control the order of the condition evaluation.
- B. Priorities determine the order in which accounting rule conditions are examined.
- C. After all conditions are tested, the final resulting value is used.
- D. When the condition is met, the rule associated with that priority is used.
- E. The conditions are evaluated in the sequence they are defined in the accounting rule.
Answer: D,E
NEW QUESTION 20
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. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- B. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
- E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.
Answer: E,F
NEW QUESTION 21
Identify two ways that standard cost is calculated.
- A. Users must manually enter the cost of each configured item; the calculation is not automated.
- B. The cost of a configured item is calculated based on the work definition of the model item.
- C. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- D. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
- E. The standard cost is the sum of the cost of the selected option items.
Answer: C,E
NEW QUESTION 22
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
- B. Run the "Activate Accounting Methods" process.
- C. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
- D. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
- E. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
Answer: D,E
NEW QUESTION 23
Which statement is true regarding the cost cutoff date in Cost Accounting?
- A. It only affects whether or not you can process a cost adjustment.
- B. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
- C. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
- D. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
Answer: C
NEW QUESTION 24
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 where the accounting rules override the method rule set
- B. Rule sets not associated with any chart of accounts
- C. Rule sets that have a mapping set to convert the accounts
- D. Rule sets that use the same chart of accounts
- E. Rule sets assigned to a secondary ledger with a different COA
Answer: A,E
NEW QUESTION 25
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Cost Processing
- B. Inventory Valuation
- C. Journal Entries
- D. Work Order Costs
- E. Purchase Variance Summary
- F. Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing
Answer: A,B,F
NEW QUESTION 26
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
- A. Execute the Preprocessor.
- B. Create Accounting.
- C. Transfer costs to Cost Management.
- D. Transfer transactions from Receiving to Costing.
- E. Activate its journal entry rule set assignments.
Answer: E
NEW QUESTION 27
Identify four processors available in the cost processor.
- A. Costing Period Processor
- B. Cost Accounting Processor
- C. Receipt Processor
- D. Cost Reports Processor
- E. Cost of Goods Sold Processor
- F. Cost Distribution Processor
Answer: B,D,E,F
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.html#FAPMA146491
NEW QUESTION 28
After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?
- A. Transfer to Sub ledger Accounting.
- B. Transfer transactions from payables.
- C. Create distributions.
- D. Transfer transactions from receiving.
- E. Assign accruals to purchase order transactions.
Answer: C
NEW QUESTION 29
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Adjustments
- B. Retro-reprice
- C. Cost of Goods Sold
- D. In-transit
- E. Overhead
Answer: E
NEW QUESTION 30
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost is calculated for every possible combination of options under a model
- B. It is based on the material and resource requirements of a released work order.
- C. The standard cost of a model item is calculated.
- D. It is based on the actual cost of the work order after it is completed.
Answer: C
NEW QUESTION 31
Identify three characteristics of cost component to cost element mapping.
- A. It lets you define how cost component level costs will map into cost elements.
- B. You cannot modify, duplicate, or create user-defined cost components.
- C. You can only define one cost component to cost element mapping for an installation.
- D. It is one of the attributes you define as part of your cost profile definitions.
- E. It is user-defined.
Answer: A,D,E
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION 32
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: Expense Accrual Event Type: Period End Accrual
- B. Event Class: Expense Accrual Event Type: Expense Accrual
- C. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
- D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
- E. Event Class: Period End Accrual Event Type: Period End Accrual
Answer: E
NEW QUESTION 33
Identify two purposes of Sub ledger Accounting.
- A. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- B. to maintain backward compatibility
- C. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
- D. to centralize accounting string generation across all modules
- E. to calculate costs for transactions
Answer: C,E
NEW QUESTION 34
Identify the four types of cost adjustments.
- A. Authorized users can manually create cost adjustments.
- B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
- C. A change to a requisition after the purchase order has been created will create a cost adjustment.
- D. When 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 different from the estimated amount on the purchase order.
- E. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
- F. A standard cost update will create an inventory value adjustment.
Answer: A,B,C,E
NEW QUESTION 35
You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?
- A. Charge Name
- B. Routes
- C. Trade Operation Templates
- D. Reference Types
- E. Trade Operation
Answer: D
NEW QUESTION 36
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