Free 1Z0-1074-24 Exam Questions - Easiest Way for Success

Prepare for the Oracle 1Z0-1074-24 exam questions with our authentic preparation materials, including free 1Z0-1074-24 practice exam questions and answers. TheExamsLab provides all the support you need to succeed in the Oracle Cost Management Cloud 2024 Implementation Professional 1Z0-1074-24 exam. This dedication to student success is why we have the most satisfied 1Z0-1074-24 certification exam candidates worldwide.

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Total 82 Questions | Updated On: Sep 14, 2024

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Question 1

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

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.

Answer: A

Question 2

Identify the four types of cost adjustments.

A : A change to a requisitionafter the purchase order has been created will create a cost adjustment.

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

C : A standard cost update will create an inventory value adjustment.

D : Authorized users can manually create cost adjustments.

E : 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 differentfrom the estimated amount on the purchase order

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

Answer: A,B,D

Question 3

A manager has decided to close the period by not allowing any new transactions, except for correctionsand

adjustments, which can happen any time before the period is closed permanently.

Which cost period status will allow the system to perform the transaction?

A : Open

B : Closed

C : Permanently Closed

D : Never Opened

E : Close Pending

Answer: B

Question 4

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?

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

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

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

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

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

Answer: A

Question 5

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 lotsdifferently then others

What must they do to accomplish this?

A : Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

B : They cannot change their current configuration; data generated by Quick Setup cannot be changed.

C : They must create their valuation units manually.

D : Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: D

Page: 1 / 17

Total 82 Questions | Updated On: Sep 14, 2024

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