Free Oracle 1Z0-1074-21 Exam Dumps Questions & Answers

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

• A.  Execute the Preprocessor.
• B.  Transfer transactions from Receiving to Costing.
• C.  Activate its journal entry rule set assignments.
• D.  Transfer costs to Cost Management.
• E.  Create Accounting.

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

Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

• A.  Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
• B.  Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
• C.  Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
• D.  Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
• E.  Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
• F.  Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

• A.  Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
• B.  Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
• C.  Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
• D.  Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
• E.  Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

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?

• A.  Change the Purchasing Line types to 4-way match.
• B.  Change inventory items to accrue at period end.
• C.  Change the Purchasing Line types to 3-way match.
• D.  Change expense items to accrue at period end.
• E.  Change the Receipt Close tolerance so it is 100 percent.