May-2024 Oracle 1z0-1074-23 Certification Real 2024 Mock Exam [Q47-Q68]

5/5 - (1 vote)

May-2024 Oracle 1z0-1074-23 Certification Real 2024 Mock Exam

1z0-1074-23 Exam Questions and Valid PMP Dumps PDF

NO.47 Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

Business Unit and Cost Organization

Inventory Organization and Legal Entity

Business Unit and Legal Entity

Business Unit and Inventory Organization

Legal Entity and Cost Organization

Inventory Organization and Cost Organization

NO.48 Identify the four types of cost adjustments.

A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

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 purchaseorder.

A change to a requisition after the purchase order has been created will create a cost adjustment.

A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

A standard cost update will create an inventory value adjustment.

Authorized users can manually create cost adjustments.

NO.49 Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

There is no difference between owned inventory and consigned inventory.

The liability for a consigned item occurs when there is an ownership event.

A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

The quantity is tracked in inventory but not as an asset until there is an ownership event

Consigned items can appear on inventory reports with information about the eventual value of the consigned item

NO.50 Identify three Landed Cost Management tasks.

Capture Charges

View Rolled Up Costs

Manage Cost Scenarios

Perform Allocations

Create Accounting

Review Journal Entries

NO.51 You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

Change expense items to accrue at period end.

Change the Purchasing Line types to 4-way match.

Change inventory items to accrue at period end.

Change the Purchasing Line types to 3-way match.

Change the Receipt Close tolerance so it is 100 percent.

NO.52 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?

Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

NO.53 Identify four characteristics of a cost element.

Users can define any number of cost elements.

It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

It is the granularity at which costs are tracked and accounted.

It is user-defined.

The mapping of cost components into cost elements is user-defined.

It uses date effectivity.

NO.54 At what level can you define item cost profiles?

Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

NO.55 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?

Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

NO.56 If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

The accounting method must have a mapping set to convert the accounts.

Accounting rules cannot override the accounting method.

The accounting method can be assigned to any ledger.

Any secondary ledger that uses the method cannot have a COA.

The accounting method may only be used by ledgers without a COA.

NO.57 Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs

NO.58 Which two statements are true about Cost Accounting books? (Choose two.)

A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.

A cost organization has one book that posts to the primary ledger.

Every cost organization must use different book names; they cannot be shared.

Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.

NO.59 Which three cost planning tasks can be performed in the Cost Accounting work area?

Management Cost Accounting Periods

Analyzing and Comparing Costs

Review Work Order Costs

Estimating Standard Costs for Assemblies

Manage Resource Rates

Review Item Costs

NO.60 Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

Receipt Accounting

Cost Accounting

Landed Cost Management

Inventory Management

Product Model

NO.61 Which two steps need to be completed to estimate landed costs?

Transfer transactions from the Inventory to the Costing process.

Transfer transactions from the Payables to the Costing process.

Update standard costs.

Allocate charges

Prepare the Material Purchase Order Data process.

NO.62 A chart of accounts (COA) must be specified on the accounting method for which two situations?

When using ledgers that have unique accounting requirements

When using account combination rules

When account combination rules use constants

Every accounting method should have a COA.

When using segment rules

NO.63 Which three tasks can be completed in the Receipt Accounting work area?

Review and Approve Item Cost Profiles

Review Item Costs

Create Receipt Accounting Distributions

Review Cost Accounting Distributions

Manage Accrual Clearing Rules

Create Accounting

NO.64 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?

Perform cost account validations for August in Manage Cost Accounting Periods

Run the Transfer Transactions to Costing process.

Close the August period; you can never have two open periods at the same time.

Change the number of maximum open periods in Manage Cost Organization Relationships

NO.65 Select the two valid relationships between subledger components.

The accounting method holds the accounting rules by Event Class and Event Type.

The journal lines hold the journal entry rule sets.

The accounting method groups journal entry rule sets by Event Class and Event Type.

Journal entry rules are used to hold accounting rules.

Journal entry rule sets hold journal rules and accounting rules.

NO.66 In which two scenarios would you define account rules based on value sets?

When a chart of accounts is assigned to the value set definition

When a secondary ledger has a different COA

In the absence of a chart of accounts on the accounting method

When there is a mapping set to convert the accounts

If a segment shares the same value set across multiple chart of accounts

NO.67 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?

Debit Charge Account (expense or inventory), Credit Receiving Inspection

Debit Accrued Liability, Credit Accounts Payable

Debit Receiving Inspection, Credit Accrued Liability

Debit Expense, Credit Receiving Inspection

Debit Expense, Credit Expense Accrual

NO.68 Which two rules determine whether a condition has been met for accounting rules?

When the condition is met, the rule associated with that priority is used.

Priorities determine the order in which accounting rule conditions are examined.

The conditions are evaluated in the sequence they are defined in the accounting rule.

After all conditions are tested, the final resulting value is used.

Use parenthesis to control the order of the condition evaluation.

1z0-1074-23 Question Bank: Free PDF Download Recently Updated Questions: https://www.troytecdumps.com/1z0-1074-23-troytec-exam-dumps.html

High-quality Troytec review files

May-2024 Oracle 1z0-1074-23 Certification Real 2024 Mock Exam [Q47-Q68]

troytecdumps

Leave a Reply Cancel reply

Related Posts

Give Push to your Success with Oracle Cloud 1Z0-1049-26 Exam Questions [Q40-Q62]

[Aug 22, 2026] 1Z0-171 Test Engine files, 1Z0-171 Dumps PDF [Q63-Q81]

Use 1Z0-1064-26 Exam Dumps (2026 PDF Dumps) To Have Reliable 1Z0-1064-26 Test Engine [Q41-Q57]

troytecdumps

Leave a Reply Cancel reply