Top Tips Of Regenerate 1z0-1074 Latest Exam

NEW QUESTION 1
When running the Transfer Costs to Cost Management process,where will the primary default source for costs come from and what is the effect?

• A. Receivables invoices; actual cost can be used.
• B. Payables invoices; invoice price variance can be added to item cost.
• C. Receipt costs; costs include adjustments.
• D. Requisition costs; validated costs can be used.
• E. Purchase order costs; item catalog costs can be used.

Answer: A

NEW QUESTION 2
How is the standard cost of a manufactured configured item calculated?

• A. It is based on the material and resource requirements of a released work order.
• B. The standard cost of a model item is calculated.
• C. The standard cost is calculated for every possible combination of options under a model
• D. It is based on the actual cost of the work order after it is completed.

Answer: B

NEW QUESTION 3
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2021 effective date. An item has three work definitions. One work definition has an October l, 2015effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2021 effective date.
How will the application select the work definition?

• A. It will use the work definition with the January 2, 2021effective date.
• B. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
• C. It must always use the work definition with the October 1, 2015 effective date.
• D. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

Answer: D

NEW QUESTION 4
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 LossOption.
• D. Subledger Accounting is already set up to process it.

Answer: A

NEW QUESTION 5
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.

Answer: CDE

NEW QUESTION 6
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?

• A. Turn off merge matching lines in the journal line rule.
• B. Turn off thesummarize flag in the journal line rule.
• C. Write a custom report.
• D. Turn on detailed posting for GL in the ledger setup.
• E. Extract distribution accounting entries.

Answer: A

NEW QUESTION 7
Which four predefined costing reports can you use to gatherinformation to review inventory value? (Choose four.)

• A. Costing Account Balances Report
• B. In-transit Valuation Report
• C. COGS and Revenue Matching Report
• D. Work in Process Inventory Valuation Report
• E. Layer Inventory Valuation Report
• F. Cost Accounting Valuation Report
• G. Inventory Valuation Report

Answer: ABCD

NEW QUESTION 8
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

• A. Run the "Activate Accounting Methods" process.
• B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
• C. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
• D. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
• E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

Answer: BC

NEW QUESTION 9
Identify four processors available in the cost processor.

• A. Receipt Processor
• B. Cost Distribution Processor
• C. Cost Reports Processor
• D. Cost of Goods Sold Processor
• E. Cost Accounting Processor
• F. Costing Period Processor

Answer: BCDE

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

NEW QUESTION 10
If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?

• A. Query the transaction from Review Cost Accounting Distributions to see the error message.
• B. Review errors in the Create Accounting Execution report.
• C. Refer to the Accounting Event Diagnostic report.
• D. Refer to the Accounting Event Diagnostic log.E Review errors in the Create Accounting Execution log.

Answer: B

NEW QUESTION 11
You are configuring Landed Cost Management for client proof of conceptand only want to set up required tasks. Which task must be completed?

• A. Charge Name
• B. Reference Types
• C. Trade Operation Templates
• D. Routes
• E. Trade Operation

Answer: B

NEW 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 willensure 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.

Answer: BD

NEW QUESTION 13
Identify two characteristics of Landed Cost charge names.

• A. Duty is a seededcharge name for Landed Cost.
• B. You can modify a charge name until it is associated with a trade operation.
• C. Charge names cannot be used to tie an invoice to a trade operation.
• D. You can use multiple currencies within a trade operation for the samecharge name on different lines.
• E. Charge names cannot be associated with a PO schedule.

Answer: BD

NEW QUESTION 14
Which three features are included in Receipt Accounting?

• A. Analyze Standard Purchase Cost Variances
• B. Create ReceiptAccounting Distribution
• C. Review Item Costs
• D. Adjust Receipt Accrual Clearing Balances
• E. Review Journal Entries

Answer: BDE

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

NEW QUESTION 15
Your customer wants to run a report to review account balances for bothinventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

• A. Inventory Account Balances Report B COGS Account Balances Report
• B. Revenue and COGS Matching Report
• C. Costing Balances Report
• D. Inventory Valuation Report

Answer: AC

NEW QUESTION 16
A chart of accounts (COA) must be specified on the accounting method for which two situations?

• A. When using ledgers that have unique accounting requirements
• B. When using account combination rules
• C. When account combination rules use constants
• D. Every accounting method should have a COA.
• E. When usingsegment rules

Answer: DE

NEW QUESTION 17
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

• A. Accrual Supplier Liability Report
• B. Accrual Reconciliation Report
• C. Accrual Clearing Report
• D. Uninvoiced Receipt Accrual Report
• E. Receipt Accounting Real Time Report

Answer: B

Explanation:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725

NEW QUESTION 18
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

Answer: A

NEW QUESTION 19
Your customer has asked you to create a report so they can view their receipt accounting distributions along with their receipt accounting transactions.
Which subject areawould you select to create this report?

• A. Receipt Accounting- Receipt Accounting Distributions Real Time
• B. Receipt Accounting-- Receipt Accounting Transactions Real Time
• C. Costing –Receipt Accounting Real Time
• D. Financials-Subledger Accounting-DetailTransactions
• E. Costing-Cost Accounting Real Time

Answer: D

NEW QUESTION 20
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

NEW QUESTION 21
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

• A. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
• B. This requirement will already be met by the default data generated when using Quick Setup.
• C. Create the cost in Manage Cost Scenarios.
• D. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

Answer: B

NEW QUESTION 22
What are the predefined areas that give youvisibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

• A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
• B. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
• C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
• D. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
• E. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt AccountingTransactions

Answer: A

NEW QUESTION 23
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