Oracle 1z0-1074-23 Actual Tests : Oracle Cost Management Cloud 2023 Implementation Essentials

Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A) Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
B) It will use the work definition with the January 2, 2016 effective date.
C) You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
D) It must always use the work definition with the October 1, 2015 effective date.

2. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets assigned to a secondary ledger with a different COA
B) Rule sets where the accounting rules override the method rule set
C) Rule sets that use the same chart of accounts
D) Rule sets that have a mapping set to convert the accounts
E) Rule sets not associated with any chart of accounts

3. Which two outcomes can happen in create accounting when an account combination returned is end dated?

A) An error will always occur.
B) The original account is stored on the journal line.
C) The preprocessor will pre-warn about this error.
D) Suspense accounts cannot be used.
E) An alternate account will be used if provided.

4. 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) After all conditions are tested, the final resulting value is used.
C) Use parenthesis to control the order of the condition evaluation.
D) When the condition is met, the rule associated with that priority is used.
E) Priorities determine the order in which accounting rule conditions are examined.

5. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "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) Outstanding purchase orders have not been received.
B) The assembly item is marked as Perpetual Average costed.
C) The Work Definition is incomplete.
D) The item has no on-hand inventory.
E) Burdens have not been established for the item

Solutions: