[May 18, 2024] Valid 1z0-1074-23 Test Answers & Oracle 1z0-1074-23 Exam PDF
Realistic 1z0-1074-23 Exam Dumps with Accurate & Updated Questions
NEW QUESTION # 32
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. Reference Types
- B. Charge Name
- C. Routes
- D. Trade Operation
- E. Trade Operation Templates
Answer: B
NEW QUESTION # 33
Which three features are included in Receipt Accounting?
- A. Review Item Costs
- B. Analyze Standard Purchase Cost Variances
- C. Create Receipt Accounting Distribution
- D. Review Journal Entries
- E. Adjust Receipt Accrual Clearing Balances
Answer: C,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-acco
NEW QUESTION # 34
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. Transfer transactions from receiving.
- D. Create distributions.
- E. Assign accruals to purchase order transactions.
Answer: D
NEW QUESTION # 35
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. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. - B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- D. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - F. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
Answer: A,B
NEW QUESTION # 36
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. The preprocessor will pre-warn about this error.
- B. An error will always occur.
- C. The original account is stored on the journal line.
- D. An alternate account will be used if provided.
- E. Suspense accounts cannot be used.
Answer: C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accounting-setup.html#FAISL212668
NEW QUESTION # 37
Identify three characteristics of cost component to cost element mapping.
- A. It is one of the attributes you define as part of your cost profile definitions.
- B. You can only define one cost component to cost element mapping for an installation.
- C. You cannot modify, duplicate, or create user-defined cost components.
- D. It is user-defined.
- E. It lets you define how cost component level costs will map into cost elements.
Answer: A,D,E
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
NEW QUESTION # 38
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Business Unit/Landed Cost Charge/Cost Organization
- B. Item Catalog/Inventory Organization/Business Unit
- C. Item Category/Material Supplier/Landed Cost Charge
- D. Inventory Organization/Landed Cost Charge/Third Party Supplier
- E. Item/Business Unit/Route
Answer: B
NEW QUESTION # 39
Identify two ways that standard cost is calculated.
- A. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- B. The standard cost is the sum of the cost of the selected option items.
- C. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
- D. The cost of a configured item is calculated based on the work definition of the model item.
- E. Users must manually enter the cost of each configured item; the calculation is not automated.
Answer: A,B
NEW QUESTION # 40
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. In-transit
- B. Adjustments
- C. Retro-reprice
- D. Overhead
- E. Cost of Goods Sold
Answer: A
Explanation:
Cost Accounting Processor processes is consisted of Physical inventory transactions andTrade transactions. Trade Accounting Processor to process all in-transit transactions.
NEW QUESTION # 41
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions without alternates
- B. Work definitions with the lowest production priority
- C. Work definitions with specific unit numbers
- D. Work definitions with the highest production priority
- E. Work definitions with the highest costing priority
Answer: D,E
NEW QUESTION # 42
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
- A. PreReference Types
- B. Trade Operation Template
- C. Material Receipts
- D. Routes
- E. Charge Names
Answer: A
NEW QUESTION # 43
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
- B. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- C. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- D. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
- E. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
Answer: A
NEW QUESTION # 44
Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?
- A. Inventory Management
- B. Product Model
- C. Cost Accounting
- D. Landed Cost Management
- E. Receipt Accounting
Answer: A
NEW QUESTION # 45
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. Turn off the summarize flag in the journal line rule.
- B. Turn off merge matching lines in the journal line rule.
- C. Extract distribution accounting entries.
- D. Turn on detailed posting for GL in the ledger setup.
- E. Write a custom report.
Answer: B
NEW QUESTION # 46
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Create Standard Cost in a spreadsheet.
- B. Manage the Item Cost task.
- C. Import standard costs from receipt layers.
- D. Manage the Standard Cost task.
Answer: A,D
NEW QUESTION # 47
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Receipt Accounting Real Time Report
- B. Accrual Supplier Liability Report
- C. Accrual Clearing Report
- D. Accrual Reconciliation Report
- E. Uninvoiced Receipt Accrual Report
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 48
Identify two characteristics of a cost profile.
- A. It is where you define your Cost Accounting policies.
- B. It is where you define which cost method you want to use for the cost component to cost element mapping.
- C. It is used for Receipt Accounting.
- D. It is used for calculating the estimated cost of manufactured items under different scenarios.
Answer: A,C
NEW QUESTION # 49
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You can share definitions across multiple cost organizations.
- B. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- C. You have the option to share setup data across all cost organizations using the common set.
- D. You can streamline your setup effort.
- E. You don't have to create any definitions for cost books.
- F. You can control which definitions are visible to different cost organizations
Answer: A,B,C,D
NEW QUESTION # 50
Identify three Landed Cost Management tasks.
- A. Review Journal Entries
- B. Perform Allocations
- C. View Rolled Up Costs
- D. Capture Charges
- E. Create Accounting
- F. Manage Cost Scenarios
Answer: B,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem
NEW QUESTION # 51
Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?
- A. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
- B. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
- C. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
- D. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
- E. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
- F. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
Answer: D
NEW QUESTION # 52
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject area would you select to create this report?
- A. Costing-Cost Accounting Real Time
- B. Financials-Subledger Accounting-Detail Transactions
- C. Costing -Receipt Accounting Real Time
- D. Receipt Accounting- Receipt Accounting Distributions Real Time
- E. Receipt Accounting-- Receipt Accounting Transactions Real Time
Answer: B
NEW QUESTION # 53
......
1z0-1074-23 Exam Dumps - PDF Questions and Testing Engine: https://passcertification.preppdf.com/Oracle/1z0-1074-23-prepaway-exam-dumps.html