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1Z0-1074 Exam Questions & Answers

Exam Code: 1Z0-1074

Exam Name: Oracle Cost Management Cloud 2019 Implementation Essentials

Updated: Sep 07, 2023

Q&As: 79

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Practice These Free Questions and Answers to Pass the Oracle Cloud Exam

Questions 1

Select the two valid relationships between subledger components.

A. The accounting method holds the accounting rules by Event Class and Event Type.

B. The journal lines hold the journal entry rule sets.

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

D. Journal entry rules are used to hold accounting rules.

E. Journal entry rule sets hold journal rules and accounting rules.

Show Answer
Questions 2

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A. Event Class: Expense Accrual Event Type: Expense Accrual

B. Event Class: Period End Accrual Event Type: Period End Accrual

C. Event Class: Expense Accrual Event Type: Period End Accrual

D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

Show Answer
Questions 3

You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

A. Orders

B. Cost Scenario

C. Charge Name

D. Routes

E. Trade Operation

Show Answer
Questions 4

You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution

process. However, your purchase order receipt is not showing up.

What do you need to do for your receipt to show up?

A. Run the Transactions from Procurement to Costing process.

B. Run the Transfer Costs from Payables to Cost Management process.

C. Run the Create Accounting process.

D. Run the Clear Receipt Accrual Balances process.

E. Run the Transactions from Receiving to Costing process.

Show Answer
Questions 5

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 without alternates

B. Work definitions with specific unit numbers

C. Work definitions with the highest production priority

D. Work definitions with the lowest production cost

E. Work definitions with the highest costing priority

Show Answer

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