New 2022 Latest Questions 1Z0-1074-21 Dumps – Use Updated Oracle Exam [Q31-Q50]

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New 2022 Latest Questions 1Z0-1074-21 Dumps – Use Updated Oracle Exam

Latest 1Z0-1074-21 Exam Dumps Oracle Exam from Training Expert ActualPDF

NO.31 You can track costs at what granularity level in Cost Accounting for the actual costing method?

Subinventory, Make, Lot, Serial

Grade, Serial, Group, Lot

Subinventory. Lot, Serial, Grade

Grade, Subinventory, Locator, Serial

Subinventory, Lot, Serial, Locator

NO.32 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.33 Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

Review their audit receipt accrual clearing balances.

Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.

Review their accrual balances and clear them.

Review their Receipt Accounting processes that show whether any processes failed and why.

Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

NO.34 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.

NO.35 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.36 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?

Purchase order information is automatically sent to Receipt Accounting using a real-time method

This process can only be scheduled and run from the Receipt Accounting work area

You do not have the role to import purchase order information into Receipt Accounting.

All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

Purchase order information should not be imported into Receipt Accounting.

NO.37 You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?

The scenario will choose the work definition that is production priority 1.

The cost planning scenario will use both work definitions for the item.

The application will generate an error because there are two work definitions for the same item.

The application will use the work definition that is named Plan B.

While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

NO.38 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.39 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.40 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.41 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?

Run the Transactions from Procurement to Costing process.

Run the Transfer Costs from Payables to Cost Management process.

Run the Create Accounting process.

Run the Clear Receipt Accrual Balances process.

Run the Transactions from Receiving to Costing process.

NO.42 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.43 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.44 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.

NO.45 After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

Transfer to Sub ledger Accounting.

Transfer transactions from payables.

Transfer transactions from receiving.

Create distributions.

Assign accruals to purchase order transactions.

NO.46 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

NO.47 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.

NO.48 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?

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

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

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

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

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

NO.49 If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

Rule sets assigned to a secondary ledger with a different COA

Rule sets that have a mapping set to convert the accounts

Rule sets not associated with any chart of accounts

Rule sets where the accounting rules override the method rule set

Rule sets that use the same chart of accounts

NO.50 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.