Free Oracle 1Z1-1074 Exam Dumps Questions & Answers

Identify two characteristics of a cost profile.

• A.  It is used for calculating the estimated cost of manufactured items under different scenarios.
• B.  It is used for Receipt Accounting.
• C.  It is where you define your Cost Accounting policies.
• D.  It is where you define which cost method you want to use for the costcomponent to cost element mapping.

Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

• A.  Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
• B.  Review their accrual balances and clear them.
• C.  Review their Receipt Accounting processes that show whether any processes failed and why.
• D.  Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
• E.  Review their audit receipt accrual clearing balances.

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

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

There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line forit?

• A.  Line Type must be set to Freight.
• B.  Create a condition for a journal line for freight.
• C.  Account Class must be set to Freight.
• D.  Sub ledger accounting is set up to accomplish this out-of-the-box.

Trade events for physical shipmentsare interfaced into the Cost Accounting subledger from which module?

• A.  Shipping
• B.  Financial Orchestration
• C.  Purchasing
• D.  Inventory
• E.  Order Management