1Z0-1074-20 Exam Questions & Answers

Exam Code: 1Z0-1074-20

Exam Name: Oracle Cost Management Cloud 2020 Implementation Essentials

Updated: Sep 07, 2023

Q&As: 79

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Practice These Free Questions and Answers to Pass the Supply Chain Management (SCM) Exam

Questions 1

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

A. The 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

B. The 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

C. The cost of resources consumed at the OEM's factory

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

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

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Questions 2

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

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

B. Accounting rules cannot override the accounting method.

C. The accounting method can be assigned to any ledger.

D. Any secondary ledger that uses the method cannot have a COA.

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

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Questions 3

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

A. Accrual Supplier Liability Report

B. Accrual Reconciliation Report

C. Accrual Clearing Report

D. Uninvoiced Receipt Accrual Report

E. Receipt Accounting Real Time Report

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Questions 4

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Review Work Order Costs

B. Review Item Costs

C. Analyzing and Comparing Costs

D. Estimating Standard Costs for Assemblies

E. Manage Resource Rates

F. Manage Cost Accounting Periods

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Questions 5

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

A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

B. There is no difference between owned inventory and consigned inventory.

C. The liability for a consigned item occurs when there is an ownership event.

D. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

E. The quantity is tracked in inventory but not as an asset until there is an ownership event

F. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

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