Free Oracle 1z0-987 Exam Dumps Questions & Answers

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

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

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

• A.  Accrual Clearing Report
• B.  Accrual Reconciliation Report
• C.  Receipt Accounting Real Time Report
• D.  Uninvoiced Receipt Accrual Report
• E.  Accrual Supplier Liability Report

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

Identify three Landed Cost Management tasks.

• A.  Create Accounting
• B.  View Rolled Up Costs
• C.  Capture Charges
• D.  Perform Allocations
• E.  Manage Cost Scenarios
• F.  Review Journal Entries

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