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

Page 3 of 20
PDF with 79 Questions

Identify the four types of cost adjustments.

  1. A change to a requisitionafter the purchase order has been created will create a cost adjustment.
  2. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
  3. A standard cost update will create an inventory value adjustment.
  4. Authorized users can manually create cost adjustments.
  5. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order.
  6. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

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



Which three features are included in Receipt Accounting?

  1. Analyze Standard Purchase Cost Variances
  2. Create ReceiptAccounting Distribution
  3. Review Item Costs
  4. Adjust Receipt Accrual Clearing Balances
  5. Review Journal Entries

Answer(s): B,D,E


Reference:

https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-accounting.html#FAIMS1921270



Which three cost planning tasks can be performed in the Cost Accounting work area?

  1. Review Work Order Costs
  2. Review Item Costs
  3. Analyzing and Comparing Costs
  4. Estimating Standard Costs for Assemblies
  5. Manage Resource Rates
  6. Manage Cost Accounting Periods

Answer(s): A,D,E


Reference:

https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11



In which two scenarios would you define account rules based on value sets?

  1. When a chart of accounts is assigned to the value set definition
  2. When asecondary ledger has a different COA
  3. In the absence of a chart of accounts on the accounting method
  4. When there is a mapping set to convert the accounts
  5. If a segment shares the same value set across multiple chart of accounts

Answer(s): D,E



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