[Dec-2021] 1z0-1074-20 Dumps PDF - 1z0-1074-20 Real Exam Questions Answers
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Oracle 1z0-1074-20 Exam Syllabus Topics:
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NEW QUESTION 41
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 42
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 43
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 44
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, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
- D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
- E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
Answer: E
NEW QUESTION 45
You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?
- A. The cost planning scenario will use both work definitions for the item.
- B. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
- C. The scenario will choose the work definition that is production priority 1.
- D. The application will generate an error because there are two work definitions for the same item.
- E. The application will use the work definition that is named Plan B.
Answer: C
NEW QUESTION 46
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 47
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 48
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
- A. Receivables invoices; actual cost can be used.
- B. Purchase order costs; item catalog costs can be used.
- C. Receipt costs; costs include adjustments.
- D. Requisition costs; validated costs can be used.
- E. Payables invoices; invoice price variance can be added to item cost.
Answer: A
NEW QUESTION 49
You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?
- A. Charge Name
- B. Cost Scenario
- C. Trade Operation
- D. Routes
- E. Orders
Answer: C
NEW QUESTION 50
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. The quantity is tracked in inventory but not as an asset until there is an ownership event
- B. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
- C. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
- D. There is no difference between owned inventory and consigned inventory.
- E. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
- F. The liability for a consigned item occurs when there is an ownership event.
Answer: C,D,E,F
NEW QUESTION 51
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. An alternate account will be used if provided.
- B. The preprocessor will pre-warn about this error.
- C. An error will always occur.
- D. Suspense accounts cannot be used.
- E. The original account is stored on the journal line.
Answer: A,E
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION 52
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
- A. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No
- B. Run the Transfer Transactions from Inventory to Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No
- C. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No
- D. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail* Transfer to General Ledger = No * Post in General Ledger = No
- E. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No
Answer: D
NEW QUESTION 53
Which three tasks can be completed in the Receipt Accounting work area?
- A. Review Cost Accounting Distributions
- B. Manage Accrual Clearing Rules
- C. Create Receipt Accounting Distributions
- D. Review and Approve Item Cost Profiles
- E. Create Accounting
- F. Review Item Costs
Answer: A,B,C
NEW QUESTION 54
Select the two valid relationships between subledger components.
- A. The journal lines hold the journal entry rule sets.
- B. The accounting method groups journal entry rule sets by Event Class and Event Type.
- C. Journal entry rules are used to hold accounting rules.
- D. The accounting method holds the accounting rules by Event Class and Event Type.
- E. Journal entry rule sets hold journal rules and accounting rules.
Answer: C,E
Explanation:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm
NEW QUESTION 55
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Estimating Standard Costs for Assemblies
- B. Manage Resource Rates
- C. Manage Cost Accounting Periods
- D. Review Work Order Costs
- E. Analyzing and Comparing Costs
- F. Review Item Costs
Answer: A,B,D
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION 56
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
- B. It must always use the work definition with the October 1, 2015 effective date.
- C. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- D. It will use the work definition with the January 2, 2016 effective date.
Answer: A
NEW QUESTION 57
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?
- A. Extract distribution accounting entries.
- B. Write a custom report.
- C. Turn on detailed posting for GL in the ledger setup.
- D. Turn off the summarize flag in the journal line rule.
- E. Turn off merge matching lines in the journal line rule.
Answer: E
NEW QUESTION 58
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 59
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory, Lot, Serial, Locator
- B. Grade, Serial, Group, Lot
- C. Subinventory. Lot, Serial, Grade
- D. Grade, Subinventory, Locator, Serial
- E. Subinventory, Make, Lot, Serial
Answer: C
NEW QUESTION 60
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Dumps Real Oracle 1z0-1074-20 Exam Questions [Updated 2021]: https://www.prep4pass.com/1z0-1074-20_exam-braindumps.html
