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Free Oracle 1Z0-1074 Exam Questions (page: 4)

Page 4 of 20
PDF with 79 Questions

A manager has decided to close the period by not allowing any new transactions, except for correctionsand adjustments, which can happen any time before the period is closed permanently.

Which cost period status will allow the system to perform the transaction?

  1. Open
  2. Closed
  3. Permanently Closed
  4. Never Opened
  5. Close Pending

Answer(s): B



Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

  1. Inventory
  2. Order Management
  3. Purchasing
  4. Financial Orchestration
  5. Shipping

Answer(s): D



Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

  1. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
  2. There is no difference between owned inventory and consigned inventory.
  3. The liability for a consigned item occurs when there is an ownership event.
  4. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
  5. The quantity is tracked in inventory but not as an asset until there is an ownership event
  6. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

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



Which four steps need to be completed to establish standard costs for a make item?

  1. Run preprocessor.
  2. Complete cost roll-up.
  3. Export item costs.
  4. Add standard costs to a cost scenario.
  5. Create a new cost scenario.

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



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