Question No. 1

Select the two valid relationships between subledger components.

AThe accounting method holds the accounting rules by Event Class and Event Type.

BThe journal lines hold the journal entry rule sets.

CThe accounting method groups journal entry rule sets by Event Class and Event Type.

DJournal entry rules are used to hold accounting rules.

EJournal entry rule sets hold journal rules and accounting rules.

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Correct Answer: D, E

https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm

Question No. 2

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

AMaterial Receipts

BCharge Names

CPreReference Types

DRoutes

ETrade Operation Template

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Correct Answer: C

Question No. 3

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?

AQuery the transaction from Review Cost Accounting Distributions to see the error message.

BReview errors in the Create Accounting Execution report.

CRefer to the Accounting Event Diagnostic report.

DRefer to the Accounting Event Diagnostic log.
E Review errors in the Create Accounting Execution log.

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Correct Answer: B

Question No. 4

Which two types of costs are included in the cost of contract manufactured items?

AThe cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer

BThe cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items

CThe cost of resources consumed at the OEM's factory

DThe cost of the contract manufacturing service Item. This is the price that the contract

EManufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

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Correct Answer: A, B

Question No. 5

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?

AProduct Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to 'No'.

BManage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

CConfigure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

DProduct Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to 'Yes'.

EConfigure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

FManage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

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Correct Answer: C, F

Free Oracle 1Z0-1074-22 Exam Actual Questions

The questions for 1Z0-1074-22 were last updated On Sep 17, 2024