Free Oracle 1Z1-1074 Exam Dumps Questions & Answers

Which statement is true regarding the cost cutoff date in Cost Accounting?

• A.  It only affects whether or not you can process a cost adjustment.
• B.  Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
• C.  Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoffdate is changed to a date that is later than the transaction date.
• D.  Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

• A.  Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• B.  Configure ProcurementBusiness Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
• C.  Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to Period End.
• D.  Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
• E.  Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
• F.  Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to At Receipt.

What are the predefined areas that give youvisibility 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 Transactions
• C.  Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
• D.  Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
• E.  Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

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 journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
• 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 distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
• E.  Review their audit receipt accrual clearing balances.

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

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