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Oracle 1z0-1074-22 Exam Syllabus Topics:
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NEW QUESTION 24
Your customer wants torun a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?
- A. Revenue and COGS Matching Report
- B. Costing Balances Report
- C. Inventory Valuation Report
- D. Inventory Account Balances Report
B COGS Account Balances Report
Answer: B,D
NEW QUESTION 25
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions with specific unit numbers
- B. Work definitions with the lowest productioncost
- C. Work definitions without alternates
- D. Work definitions with the highest costing priority
- E. Work definitions with the highest production priority
Answer: A,B
NEW QUESTION 26
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- B. It can help you with consolidated financial reporting.
- C. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
- D. It can help you understand true margins and value added by internal business units through the internal supply chain.
- E. It is only used when you do not need to maintain an arm's length relationship.
Answer: A,B,C
NEW QUESTION 27
Which three tasks can becompleted in the Receipt Accounting work area?
- A. Manage Accrual Clearing Rules
- B. Review and Approve Item Cost Profiles
- C. Review Cost Accounting Distributions
- D. Create Receipt Accounting Distributions
- E. Create Accounting
- F. Review Item Costs
Answer: A,C,D
NEW QUESTION 28
Universal Containers wants to help their dispatchers determine the length of time a Work Order should last. What should the Consultant implement to help achieve this goal?
- A. Work Orders with Operating Hours.
- B. Operating Hours for Customer Accounts.
- C. Work Types with an Estimated Duration.
- D. Work Types with Service Level Agreement.
Answer: C
NEW QUESTION 29
Universal Containers wants to process mobile payments. How can this requirement be met?
- A. Install an AppExchange package.
- B. Attach a picture of the credit card
- C. Create a custom payments object
- D. Add a custom filed to store the credit card number
Answer: A
NEW QUESTION 30
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?
- A. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- B. Configure ProcurementBusiness Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
- C. Product Information Item > Search and select item >Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items toAt Receipt. - E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
Answer: B,D
NEW QUESTION 31
Which three cost planning tasks can be performed in the Cost Accounting work area?
- A. Manage Cost Accounting Periods
- B. Review Work Order Costs
- C. Manage Resource Rates
- D. Estimating Standard Costs for Assemblies
- E. Analyzing and Comparing Costs
- F. Review Item Costs
Answer: B,C,D
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_C97AC111350F0D3EE040D30A68814D11
NEW QUESTION 32
Which fields on service appointments help ensure that they are completed within the agreed upon service level agreement (SLA) with universal containers customers?
- A. Actual start, actual end
- B. Earliest start permitted, due date
- C. Scheduled start, scheduled end
- D. Arrival window start, arrival window end
Answer: B
NEW QUESTION 33
A technician reported that the travel time calculated between appointments is often two short because job delays throughout the day.
Which setting should a consultant consider to improve travel time accuracy?
- A. Street level routing, Default travel speed
- B. Travel speed unit, actual travel time
- C. Minimum grade, default operating hour
- D. Estimated travel time, minimize travel
Answer: A
NEW QUESTION 34
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Output Costs
- B. Input Costs
- C. Scrap Costs
- D. Standard Cost variances
- E. Incremental Costs
- F. Variable Costs
Answer: A,B,C,D
NEW QUESTION 35
Universal Containers has dispatchers who can set up new territories, define new schedule policies, and control settings on the Gantt chart.
In addition to Field Service Lightning Dispatcher Permissions and the Field Service Lightning Dispatcher License, which permissions should a Consultant assign to the dispatchers'7
- A. Field Service Lightning Admin Permissions
- B. Field Service Lightning Mobile License
- C. Field Service Lightning Standard Permissions
- D. Field Service Lightning Scheduling License
Answer: C
NEW QUESTION 36
Which two steps need to be completed to estimate landed costs?
- A. Allocate charges
- B. Transfer transactions from the Payables to the Costing process.
- C. Prepare the Material Purchase Order Data process.
- D. Update standard costs.
- E. Transfer transactions from the Inventory to the Costing process.
Answer: A,D
NEW QUESTION 37
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
- A. Journal entry rule sets do not require accounting rules.
- B. Use a different journal entry ruleset for each ledger with a different accounting convention.
- C. Copy and rename predefined subledger journal entry rule sets before modifying them.
- D. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
- E. The subledger journalentry rule set does not need the same accounting event type as the accounting method.
Answer: D
NEW QUESTION 38
Which three features are included in Receipt Accounting?
- A. Create ReceiptAccounting Distribution
- B. Adjust Receipt Accrual Clearing Balances
- C. Analyze Standard Purchase Cost Variances
- D. Review Item Costs
- E. Review Journal Entries
Answer: A,B,E
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-acco
NEW QUESTION 39
What are threecost method choices that are available in Cost Accounting?
- A. Periodic average cost
- B. Standard cost
- C. Actual cost (LIFO or Last In First Out)
- D. Period end average cost
- E. Perpetual average cost
- F. Actual cost (FIFO or First In First Out)
Answer: C,E,F
NEW QUESTION 40
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assemblyshows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. The assembly item is marked as Perpetual Average costed.
- B. The item has no on-handinventory.
- C. Burdens have not been established for the item
- D. The Work Definition is incomplete.
- E. Outstanding purchase orders have not been received.
Answer: A,D
NEW QUESTION 41
Identify the four types of cost adjustments.
- A. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
- B. Authorized users can manually create cost adjustments.
- C. A standard cost update willcreate an inventory value adjustment.
- D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
- E. A change to a requisition after the purchase order has been created will create a cost adjustment.
- F. 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 different from the estimated amount on the purchase order.
Answer: A,B,D,E
NEW QUESTION 42
Which four steps need to be completed to establish standard costs for a make item?
- A. Complete cost roll-up.
- B. Export item costs.
- C. Publish costs
- D. Create a new cost scenario.
- E. Run preprocessor.
- F. Add standard costs to a cost scenario.
Answer: A,B,C,E
NEW QUESTION 43
Which two rules determine whether a condition has been met for accounting rules?
- A. The conditions are evaluated in the sequence they are defined in the accounting rule.
- B. When the condition is met, the rule associated with that priority is used.
- C. After all conditions are tested, the final resulting value is used.
- D. Priorities determine the order in which accounting rule conditions are examined.
- E. Use parenthesis to control the order of the condition evaluation.
Answer: A,B
NEW QUESTION 44
In which two scenarios would you define account rules based on value sets?
- A. In the absence of a chart of accounts on the accounting method
- B. When there is a mapping set to convert the accounts
- C. If a segment shares the same value set across multiple chart of accounts
- D. When a chart of accounts is assigned to the value set definition
- E. When a secondary ledger has a different COA
Answer: B,C
NEW QUESTION 45
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Grade, Serial, Group, Lot
- B. Grade, Subinventory, Locator, Serial
- C. Subinventory, Lot, Serial, Locator
- D. Subinventory, Make, Lot, Serial
- E. Subinventory. Lot, Serial, Grade
Answer: E
NEW QUESTION 46
Universal Containers has a Partner Community. Work Orders are assigned to these partners. Partners are not interacting with Service Appointments or Service Resources. How would a Partner user update the Work Order record from a mobile device?
- A. Salesforce mobile app
- B. Field service mobile app
- C. Work Order records cannot be updated on a mobile device
- D. Salesforce Touch
Answer: A
NEW QUESTION 47
How is the standard cost of a manufactured configured item calculated?
- A. The standard cost of a model item is calculated.
- B. The standard cost is calculated for every possible combination of options under a model
- C. It is based on the actual cost of the work order after it is completed.
- D. It is based on the material and resource requirements of a released work order.
Answer: A
NEW QUESTION 48
universal containers wants to report on the volume of products installed within a specific timeframe.
Which solution should the consultant utilize to meet the requirement?
- A. The standard installation date field on asset
- B. A work order related list on asset
- C. A custom installation date field on products consumed
- D. Field history tracking on asset
Answer: A
NEW QUESTION 49
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