Free Oracle 1Z0-1074 Exam Dumps Questions & Answers

Identify two purposes of Sub ledger Accounting.

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

Identify four reasons to usethe set ID when defining Cost Accounting setups. (Choose four)

• A.  You can streamline your setup effort.
• B.  You can control which definitions are visible to different cost organizations
• C.  You can share definitions across multiple cost organizations.
• D.  Youhave the option to share setup data across all cost organizations using the common set.
• E.  You don't have to create any definitions for cost books.
• F.  You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

Which four steps need to be completed to establish standard costs for a make item?

• A.  Run preprocessor.
• B.  Create a new cost scenario.
• C.  Add standard costs to a cost scenario.
• D.  Publish costs
• E.  Export item costs.
• F.  Complete cost roll-up.

Identify four processors available in the cost processor.

• A.  Cost Accounting Processor
• B.  Cost Reports Processor
• C.  Cost of Goods Sold Processor
• D.  Costing Period Processor
• E.  Receipt Processor
• F.  Cost Distribution Processor

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

• A.  The accounting method may only be used by ledgers without a COA.
• B.  Theaccounting method must have a mapping set to convert the accounts.
• C.  Any secondary ledger that uses the method cannot have a COA.
• D.  Accounting rules cannot override the accounting method.
• E.  The accounting method can be assigned to any ledger.