Cisco®
Oracle
CompTIA
Checkpoint
ISC
EC-Council
EXIN
Fortinet
ITIL®
Juniper
Microsoft
VMware
Avaya
SAP
Google
Salesforce
Amazon
Palo Alto Networks
All Vendors
  2. Home
  3. Exams
  4. Oracle
  5. 1Z0-1074-23

Free Oracle 1Z0-1074-23 Exam Questions (page: 3)

Page 3 of 21
PDF with 79 Questions

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?

  1. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
  2. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.
  3. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
  4. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
  5. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
  6. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Answer(s): C,F



Identify four characteristics of a cost element.

  1. Users can define any number of cost elements.
  2. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
  3. It is the granularity at which costs are tracked and accounted.
  4. It is user-defined.
  5. The mapping of cost components into cost elements is user-defined.
  6. It uses date effectivity.

Answer(s): B,D,E,F



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?

  1. Change expense items to accrue at period end.
  2. Change the Purchasing Line types to 4-way match.
  3. Change inventory items to accrue at period end.
  4. Change the Purchasing Line types to 3-way match.
  5. Change the Receipt Close tolerance so it is 100 percent.

Answer(s): B,D



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?

  1. Event Class: Expense Accrual Event Type: Expense Accrual
  2. Event Class: Period End Accrual Event Type: Period End Accrual
  3. Event Class: Expense Accrual Event Type: Period End Accrual
  4. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
  5. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

Answer(s): B



Viewing page 3 of 21



Post your Comments and Discuss Oracle 1Z0-1074-23 exam prep with other Community members:

1Z0-1074-23 Exam Discussions & Posts