Try Free Oracle 1Z0-1074-23 Updated Questions & Answers

Question 1

Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.

Which cost policy supports this requirement?

ACreate a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

BCreate a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

CManually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

DManually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

EEnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from 'Costing Level' to 'Subinventory.'

Correct answer: E

Question 2

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

AWhen a chart of accounts is assigned to the value set definition

BWhen a secondary ledger has a different COA

CIn the absence of a chart of accounts on the accounting method

DWhen there is a mapping set to convert the accounts

EIf a segment shares the same value set across multiple chart of accounts

Correct answer: D, E

Question 3

Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

AYou can share definitions across multiple cost organizations.

BYou can control which definitions are visible to different cost organizations

CYou can streamline your setup effort.

DYou have the option to share setup data across all cost organizations using the common set.

EYou can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

FYou don't have to create any definitions for cost books.

Correct answer: A, C, D, E

Question 4

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

AActivate its journal entry rule set assignments.

BTransfer costs to Cost Management.

CCreate Accounting.

DTransfer transactions from Receiving to Costing.

EExecute the Preprocessor.

Correct answer: A

Question 5

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?

AChange expense items to accrue at period end.

BChange the Purchasing Line types to 4-way match.

CChange inventory items to accrue at period end.

DChange the Purchasing Line types to 3-way match.

EChange the Receipt Close tolerance so it is 100 percent.

Correct answer: B, D

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