(2023) PASS 1z0-1074-22 Exam Free Practice Test with 100% Accurate Answers [Q45-Q63]

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(2023) PASS 1z0-1074-22 Exam Free Practice Test with 100% Accurate Answers

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QUESTION 45
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

QUESTION 46
Service appointments in a “cannot complete” status may indicate that an additional part or expert assistance is needed to complete the work. Universal containers defined that service appointments in a “cannot complete” status are unable to be rescheduled or unscheduled for history tracking purposes.
Which two items should the consultant recommend to meet the requirement?
Choose 2 answers

Define “cannot complete” as a pinned status for auto-dispatch services.

Define “cannot complete” as a pinned status for scheduling and optimization services.

Ensure that status transitions are configured to prevent the update from “cannot complete” to “none’.

Ensure that status transition are configured to allow the status update from “cannot complete” to “scheduled”.

QUESTION 47
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 allowsyou 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

QUESTION 48
You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

Debit Charge Account (expense or inventory), Credit ReceivingInspection

Debit Accrued Liability, Credit Accounts Payable

Debit Receiving Inspection, Credit Accrued Liability

Debit Expense, Credit Receiving Inspection

Debit Expense, Credit Expense Accrual

QUESTION 49
When should both the Root Work Order and Root Work Order Line Item fields be added to page layouts?

When a service process dictates that there are more than two levels in a Work Order Hierarchy and more than a single level in the Work Order Line Hierarchy.

When a service process dictates that there is a single level in a Work Order Hierarchy and more than two levels in the Work Order Line Hierarchy.

When a service process dictates that there are two levels in a Work Order Hierarchy and two levels in the Work Order Line Hierarchy. (Parent Work Order can be used)

When a service process dictates that there are more than two levels in a Work Order Hierarchy and more than two levels in the Work Order Line Hierarchy.

QUESTION 50
Select two ways to define the standard cost for an item from the Cost Accounting work area.

Manage the Item Cost task.

Import standard costs from receipt layers.

Manage the Standard Cost task.

Create Standard Cost in a spreadsheet.

QUESTION 51
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

You can share definitions across multiple cost organizations.

You cancontrol which definitions are visible to different cost organizations

You can streamline your setup effort.

You have 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.

QUESTION 52
Universal Containers has dispatchers who can set up new territories, define new schedule policies, and control settings on the Gantt chart.
In addition to Field Service Lightning Dispatcher Permissions and the Field Service Lightning Dispatcher License, which permissions should a Consultant assign to the dispatchers’7

Field Service Lightning Mobile License

Field Service Lightning Standard Permissions

Field Service Lightning Admin Permissions

Field Service Lightning Scheduling License

QUESTION 53
After “Cost Accounting Processor” has processed the physical inventory classification of transactions which transaction types will it process next?

In-transit

Retro-reprice

Adjustments

Overhead

Cost of Goods Sold

QUESTION 54
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?

Event Class: Expense Accrual Event Type: Expense Accrual

Event Class: Period End Accrual Event Type: Period End Accrual

Event Class: Expense AccrualEvent Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

QUESTION 55
Your customer wants torun 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

QUESTION 56
Which statement is true regarding thecost cutoff date in Cost Accounting?

It only affects whether or not you can process a cost adjustment.

Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

Transactions with a transaction date before the costcutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

QUESTION 57
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that holdnormal 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?

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.

Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returnedgoods subinventory.

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 58
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed CostVariance?

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

QUESTION 59
Universal Containers has enabled Field Service Lightning and is looking to enable Entitlements for Work Orders. What should a Consultant take into consideration?

Managing page layouts and validation rules can be done in Salesforce Lightning.

Creating Entitlements for Cases and Work Orders must be separated.

Managing page layouts and milestone trackers can be done in salesforce1.

Creating Entitlements for Work Orders requires Lightning to be enabled.

QUESTION 60
Identify four processors available in the cost processor.

Receipt Processor

Cost Distribution Processor

Cost Reports Processor

Cost of Goods Sold Processor

Cost Accounting Processor

Costing PeriodProcessor

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

QUESTION 61
Identify two characteristics of a cost profile.

It is used for calculating the estimated cost of manufactured items under different scenarios.

It is used for Receipt Accounting.

It is where you define your Cost Accounting policies.

It is where you define which cost method you want to use for the cost component to cost element mapping.

QUESTION 62
Identify four features provided by the Review Work Order Costs UI when displaying work order

Scrap Costs

Variable Costs

Output Costs

Incremental Costs

Input Costs

Standard Cost variances

QUESTION 63
What are threecost method choices that are available in Cost Accounting?

Period end average cost

Actual cost (LIFO or Last In First Out)

Periodic average cost

Standard cost

Perpetual average cost

Actual cost (FIFO or First In First Out)

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Oracle 1z0-1074-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure Costing methods (Standard, Perpetual, and Actual) Manage daily Receipt Accounting tasks
Topic 2	Manage Charge Names, Referance types & Routes Describe the Cost Accounting Work Area
Topic 3	Explain Common Projects Enabled SCM Configurations Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost
Topic 4	Explain Common Inventory Configurations Managerial Accounting Overview Manage Daily Cost Accounting tasks
Topic 5	Perform Cost Accounting processes & Reporting Analyze and resolve Standard Cost variances
Topic 6	Explain the Receipt & Cost Accounting Subledger Create a Subledger Journal Entry Rule set
Topic 7	Manage Project enabled Work Orders Receipt Accounting processes
Topic 8	Configure Landed Cost Management Configure Accrue at period end
Topic 9	Create Standard Costs, Resource Rates, and Overhead Rates Explain key implementation decision points
Topic 10	Explain the relationships of Subledger Components Describe the Receipt Accounting Work Area

Latest Oracle 1z0-1074-22 Practice Test Questions: https://www.dumpstorrent.com/1z0-1074-22-exam-dumps-torrent.html

(2023) PASS 1z0-1074-22 Exam Free Practice Test with 100% Accurate Answers [Q45-Q63]

Oracle 1z0-1074-22 Exam Syllabus Topics:

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