Free 1Z0-1074-21 braindumps download (1Z0-1074-21 exam dumps Free Updated Sep 17, 2022) [Q31-Q46]

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Free 1Z0-1074-21 braindumps download (1Z0-1074-21 exam dumps Free Updated Sep 17, 2022)

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Oracle 1Z0-1074-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost Explain the relationships of Subledger Components
Topic 2	Describe the Cost Accounting Work Area Manage daily Receipt Accounting tasks Receipt Accounting Overview
Topic 3	Create Standard Costs, Resource Rates, and Overhead Rates Describe the Receipt Accounting Work Area
Topic 4	Create a Subledger Journal Entry Rule set Configure Accrue at period end Manage Daily Cost Accounting tasks
Topic 5	Explain Cost Accounting and how it integrates with other modules Explain Common Inventory Configurations
Topic 6	Manage Charge Names, Reference types & Routes Manage Project enabled Work Orders

Q31. There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?

Sub ledger accounting is set up to accomplish this out-of-the-box.

Line Type must be set to Freight.

Account Class must be set to Freight.

Create a condition for a journal line for freight.

Q32. Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

Inventory Account Balances Report
B COGS Account Balances Report

Revenue and COGS Matching Report

Costing Balances Report

Inventory Valuation Report

Q33. Landed Cost Variance Analysis can be performed based on which three dimension combinations?

Business Unit/Landed Cost Charge/Cost Organization

Item/Business Unit/Route

Item Category/Material Supplier/Landed Cost Charge

Inventory Organization/Landed Cost Charge/Third Party Supplier

Item Catalog/Inventory Organization/Business Unit

Q34. Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

Inventory

Order Management

Purchasing

Financial Orchestration

Shipping

Q35. 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.

Q36. Identify four processors available in the cost processor.

Receipt Processor

Cost Distribution Processor

Cost Reports Processor

Cost of Goods Sold Processor

Cost Accounting Processor

Costing Period Processor

Explanation
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.

Q37. When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

Create Data Access on the Accounts Payable role for the correct cost organization.

Create Data Access on the Accounts Payable role for the correct inventory organization.

Create Data Access on the Cost Accountant role for the correct inventory organization.

Create Data Access on the Cost Accountant role for the correct cost organization.

Q38. Identify three Landed Cost Management tasks.

Capture Charges

View Rolled Up Costs

Manage Cost Scenarios

Perform Allocations

Create Accounting

Review Journal Entries

Explanation
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-managem

Q39. 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

Q40. Which three features are included in Receipt Accounting?

Analyze Standard Purchase Cost Variances

Create Receipt Accounting Distribution

Review Item Costs

Adjust Receipt Accrual Clearing Balances

Review Journal Entries

Explanation
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-acco

Q41. 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

Q42. 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

Q43. Identify the four types of cost adjustments.

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.

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.

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

Q44. Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)

Costing Account Balances Report

In-transit Valuation Report

COGS and Revenue Matching Report

Work in Process Inventory Valuation Report

Layer Inventory Valuation Report

Cost Accounting Valuation Report

Inventory Valuation Report

Q45. 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?

Turn off merge matching lines in the journal line rule.

Turn off the summarize flag in the journal line rule.

Write a custom report.

Turn on detailed posting for GL in the ledger setup.

Extract distribution accounting entries.

Q46. How is the standard cost of a manufactured configured item calculated?

It is based on the material and resource requirements of a released work order.

The standard cost of a model item is calculated.

The standard cost is calculated for every possible combination of options under a model

It is based on the actual cost of the work order after it is completed.

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Free 1Z0-1074-21 braindumps download (1Z0-1074-21 exam dumps Free Updated Sep 17, 2022) [Q31-Q46]

Oracle 1Z0-1074-21 Exam Syllabus Topics:

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