1z0-1074-20 Questions Pass on Your First Attempt Dumps for Cost Management Cloud Certified
1z0-1074-20 Practice Test Pdf Exam Material
NEW QUESTION 22
Identify two characteristics of an expense pool. (Choose two.)
- A. You can define the name of your expense pool, but you cannot define more than one.
- B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
- C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- D. It is used only for analyzing gross margins on noninventory sales of services.
Answer: B,C
NEW QUESTION 23
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 lots differently then others What must they do to accomplish this?
- A. They must create their valuation units manually.
- B. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- C. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- D. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
Answer: C
NEW QUESTION 24
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Variable Costs
- B. Incremental Costs
- C. Input Costs
- D. Standard Cost variances
- E. Output Costs
- F. Scrap Costs
Answer: C,D,E,F
NEW QUESTION 25
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 26
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 Supplier Liability Report
- B. Uninvoiced Receipt Accrual Report
- C. Receipt Accounting Real Time Report
- D. Accrual Clearing Report
- E. Accrual Reconciliation Report
Answer: E
Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION 27
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 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
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 30
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
- A. Close the August period; you can never have two open periods at the same time.
- B. Change the number of maximum open periods in Manage Cost Organization Relationships
- C. Perform cost account validations for August in Manage Cost Accounting Periods
- D. Run the Transfer Transactions to Costing process.
Answer: D
NEW QUESTION 31
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 32
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 33
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Order Management
- B. Inventory
- C. Shipping
- D. Purchasing
- E. Financial Orchestration
Answer: 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
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
- A. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- B. Journal entry rule sets do not require accounting rules.
- C. Use a different journal entry rule set for each ledger with a different accounting convention.
- D. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
- E. Copy and rename predefined subledger journal entry rule sets before modifying them.
Answer: A
NEW QUESTION 36
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 37
In which two scenarios would you define account rules based on value sets?
- A. If a segment shares the same value set across multiple chart of accounts
- B. When there is a mapping set to convert the accounts
- C. When a secondary ledger has a different COA
- D. In the absence of a chart of accounts on the accounting method
- E. When a chart of accounts is assigned to the value set definition
Answer: A,B
NEW QUESTION 38
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1z0-1074-20 [Jan-2022] Newly Released] Exam Questions For You To Pass: https://www.troytecdumps.com/1z0-1074-20-troytec-exam-dumps.html