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

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

Which three features are included in Receipt Accounting?

• A.  Adjust Receipt Accrual Clearing Balances
• B.  Review Journal Entries
• C.  Analyze Standard Purchase Cost Variances
• D.  Review Item Costs
• E.  Create Receipt Accounting Distribution

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

Identify two purposes of Sub ledger Accounting.

• A.  to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
• B.  to centralize accounting string generation across all modules
• C.  to calculate costs for transactions
• D.  to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
• E.  to maintain backward compatibility

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

• A.  Consigned items can 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.  Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
• E.  The quantity is tracked in inventory but not as an asset until there is an ownership event
• F.  A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.