Question No. 1

If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

AThe accounting method must have a mapping set to convert the accounts.

BAccounting rules cannot override the accounting method.

CThe accounting method can be assigned to any ledger.

DAny secondary ledger that uses the method cannot have a COA.

EThe accounting method may only be used by ledgers without a COA.

Show Answer

Correct Answer: C

Question No. 2

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

AComplete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

BThis requirement will already be met by the default data generated when using Quick Setup.

CCreate the cost in Manage Cost Scenarios.

DYou can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

Show Answer

Correct Answer: B

Question No. 3

Which three features are included in Receipt Accounting?

AAnalyze Standard Purchase Cost Variances

BCreate Receipt Accounting Distribution

CReview Item Costs

DAdjust Receipt Accrual Clearing Balances

EReview Journal Entries

Show Answer

Correct Answer: B, D, E

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

Question No. 4

When attempting to open costing periods, your customer is receiving the following error:

Error: You do not have the required permission. You can request that your help desk change your security settings.

What configuration needs to be done so your customer will be able to open the Cost Accounting period?

ACreate Data Access on the Accounts Payable role for the correct cost organization.

BCreate Data Access on the Accounts Payable role for the correct inventory organization.

CCreate Data Access on the Cost Accountant role for the correct inventory organization.

DCreate Data Access on the Cost Accountant role for the correct cost organization.

Show Answer

Correct Answer: D

Question No. 5

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

ACharge Name

BReference Types

CTrade Operation Templates

DRoutes

ETrade Operation

Show Answer

Correct Answer: A

Free Oracle 1Z0-1074-23 Exam Actual Questions

The questions for 1Z0-1074-23 were last updated On Nov 21, 2024