Lead4pass October latest update Oracle 1Z0-1074-20 exam dumps

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Online practice test Oracle 1Z0-1074-20 exam practice questions from the latest update of Lead4pass Oracle 1Z0-1074-20 dumps a part, all exam answers are at the end of the article

QUESTION 1
What are three cost method choices that are available in Cost Accounting?
A. Period end average cost
B. Actual cost (LIFO or Last In First Out)
C. Periodic average cost
D. Standard cost
E. Perpetual average cost
F. Actual cost (FIFO or First In First Out)

QUESTION 2
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. 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.
B. Create a separate cost organization for the normal goods subinventories and one cost organization 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. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
E. 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.”

QUESTION 3
An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the
currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?
A. Create a foreign reporting currency to track gain/loss.
B. Create a secondary ledger to track gain/loss.
C. Turn on the Subledger Gain or Loss Option.
D. Subledger Accounting is already set up to process it.

QUESTION 4
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

QUESTION 5
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
A. Business Unit/Landed Cost Charge/Cost Organization
B. Item/Business Unit/Route
C. Item Category/Material Supplier/Landed Cost Charge
D. Inventory Organization/Landed Cost Charge/Third Party Supplier
E. Item Catalog/Inventory Organization/Business Unit

QUESTION 6
Which two rules determine whether a condition has been met for accounting rules?
A. When the condition is met, the rule associated with that priority is used.
B. Priorities determine the order in which accounting rule conditions are examined.
C. The conditions are evaluated in the sequence they are defined in the accounting rule.
D. After all conditions are tested, the final resulting value is used.
E. Use parenthesis to control the order of the condition evaluation.

QUESTION 7
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in
order for the expense accrual Journal entries to be successfully generated?
A. Event Class: Expense Accrual Event Type: Expense Accrual
B. Event Class: Period End Accrual Event Type: Period End Accrual
C. Event Class: Expense Accrual Event Type: Period End Accrual
D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

QUESTION 8
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly
shows “0” cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly. Identify two reasons this happened.
A. The item has no on-hand inventory.
B. The assembly item is marked as Perpetual Average costed.
C. Outstanding purchase orders have not been received.
D. The Work Definition is incomplete.
E. Burdens have not been established for the item

QUESTION 9
Select two ways to define the standard cost for an item from the Cost Accounting work area.
A. Manage the Item Cost task.
B. Import standard costs from receipt layers.
C. Manage the Standard Cost task.
D. Create Standard Cost in a spreadsheet.

QUESTION 10
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. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset
Value is set to “No”.
B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set
Accrue Expense Items to Period End.
C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at
Period End.
D. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that
Inventory Asset Value is set to “Yes”.
E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at
At Receipt.
F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set
Accrue Expense Items to At Receipt.

QUESTION 11
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution
process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
A. Run the Transactions from Procurement to Costing process.
B. Run the Transfer Costs from Payables to Cost Management process.
C. Run the Create Accounting process.
D. Run the Clear Receipt Accrual Balances process.
E. Run the Transactions from Receiving to Costing process.

QUESTION 12
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?
A. Change expense items to accrue at period end.
B. Change the Purchasing Line types to 4-way match.
C. Change inventory items to accrue at period end.
D. Change the Purchasing Line types to 3-way match.
E. Change the Receipt Close tolerance so it is 100 percent.

QUESTION 13
You are explaining the characteristics of a “profit in inventory” cost element to a client. Which three statements describe true characteristics of this cost element?
A. It is only used when you do not need to maintain an arm\\’s length relationship.
B. It can help you understand true margins and value added by internal business units through the internal supply
chain.
C. It can help you with consolidated financial reporting.
D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred
between inventory organizations that are in different business units.
E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred
between inventory organizations that are in the same business unit.

Publish the answer:

Q10

Q11

Q12

Q13

BEF

CDF

CDE

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