Oracle
1Z0-1074-23
Oracle Cost Management Cloud 2023 Implementation
Professional
QUESTION & ANSWERS
https://www.genuinedumps.com/1Z0-1074-23-exam-questions.html
QUESTION 1
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
= Draft •Report Style = Detail• 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 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
E. 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
Correct Answer: A
QUESTION 2
You can track costs at what granularity level in Cost Accounting for the actual costing method?
A.
B.
C.
D.
E.
Subinventory, Make, Lot, Serial
Grade, Serial, Group, Lot
Subinventory. Lot, Serial, Grade
Grade, Subinventory, Locator, Serial
Subinventory, Lot, Serial, Locator
Correct Answer: C
QUESTION 3
You are trying to import the purchase order information into Receipt Accounting in the Schedule
Process work area. Why can't you see this process?
A. Purchase order information is automatically sent to Receipt Accounting using a real-timemethod
B. This process can only be scheduled and run from the Receipt Accounting work area
https://www.genuinedumps.com/1Z0-1074-23-exam-questions.html
C. You do not have the role to import purchase order information into Receipt Accounting.
D. All purchase order information is included in the Transfer Transactionsfrom Receiving to Costing
process. There is no separate process
E. Purchase order information should not be imported into Receipt Accounting.
Correct Answer: A
QUESTION 4
Identify four reasons to usethe set ID when defining Cost Accounting setups. (Choose four)
A.
B.
C.
D.
E.
F.
You can share definitions across multiple cost organizations.
You can control which definitions are visible to different cost organizations
You can streamline your setup effort.
Youhave the option to share setup data across all cost organizations using the common set.
You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
You don't have to create any definitions for cost books.
Correct Answer: A,C,D,E
QUESTION 5
Select the two valid relationships between subledger components.
A.
B.
C.
D.
E.
The accounting method holds the accounting rules by Event Class andEvent 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.
Correct Answer: D,E
Explanation/Reference:
Explanation
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm
QUESTION 6
Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which
https://www.genuinedumps.com/1Z0-1074-23-exam-questions.html
module?
A.
B.
C.
D.
E.
Inventory
Order Management
Purchasing
Financial Orchestration
Shipping
Correct Answer: D
QUESTION 7
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose
three.)
A. Purchase Variance Summary
B. Journal Entries
C. Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice
for landing
D. Cost Processing
E. Work Order Costs
F. Inventory Valuation
Correct Answer: C,D,F
QUESTION 8
Identify four characteristics of a cost element.
A. Users can define any number of cost elements.
B. It is the most granular level of cost captured by upstream systems such as procurement, accounts
payable, and manufacturing.
C. It is the granularity at which costs are tracked and accounted.
D. It is user-defined.
E. The mapping of cost components into cost elements is user-defined.
F. It uses date effectivity.
Correct Answer: B,D,E,F
https://www.genuinedumps.com/1Z0-1074-23-exam-questions.html