Free Oracle 1z0-1074-23 Exam Dumps Questions & Answers

Identify the four types of cost adjustments.

• A.  When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
• B.  A standard cost update will create an inventory value adjustment.
• C.  A change to a requisition after the purchase order has been created will create a cost adjustment.
• D.  Authorized users can manually create cost adjustments.
• E.  A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
• F.  A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Identify two characteristics of an expense pool. (Choose two.)

• A.  It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
• B.  It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
• C.  It is used only for analyzing gross margins on noninventory sales of services.
• D.  You can define the name of your expense pool, but you cannot define more than one.

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

• A.  Routes
• B.  Trade Operation Templates
• C.  Charge Name
• D.  Trade Operation
• E.  Reference Types

Select the two valid relationships between subledger components.

• A.  The accounting method holds the accounting rules by Event Class and Event Type.
• B.  The accounting method groups journal entry rule sets by Event Class and Event Type.
• C.  Journal entry rules are used to hold accounting rules.
• D.  The journal lines hold the journal entry rule sets.
• E.  Journal entry rule sets hold journal rules and accounting rules.

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

• A.  You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
• B.  Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
• C.  Create the cost in Manage Cost Scenarios.
• D.  This requirement will already be met by the default data generated when using Quick Setup.