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Cost Management Cloud 1Z0-1074 The free demo has three versions.
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1Z0-1074 PDF DEMO:
QUESTION NO: 1
Your client hasaccounting rules that need specific customization. Which two options allow them to accomplish this"1
A. The subledger journal entry rule set does not needthe same accounting event type as the accounting method.
B. Journal entry rule sets do not require accounting rules.
C. Copy and rename predefined subledger journal entry rule sets before modifying them.
D. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
E. Use a different journal entry rule set for each ledger with a different accounting convention.
Answer: D
QUESTION NO: 2
Your client needs to import the relevant transactions and tax determinants for their expense items into ReceiptAccounting. What is the correct sequence of processes to accomplish this?
A. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
B. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
C. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
D. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
E. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
F. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
Answer: E
QUESTION NO: 3
Identify three characteristics of cost component to cost element mapping.
A. You can onlydefine one cost component to cost element mapping for an installation.
B. You cannot modify, duplicate, or create user-defined cost components.
C. It is one of the attributes you define as part of your cost profile definitions.
D. It is user-defined.
E. It lets you define how cost component level costs will map into cost elements.
Answer: C,D,E
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96
QUESTION NO: 4
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
A. Business Unit and Cost Organization
B. Business Unit and Inventory Organization
C. Legal Entity and Cost Organization
D. Inventory Organization and Cost Organization
E. Business Unit and Legal Entity
F. Inventory Organization and Legal Entity
Answer: B
QUESTION NO: 5
Which four predefined costing reports can you use to gatherinformation to review inventory value? (Choose four.)
A. In-transit Valuation Report
B. Work in Process Inventory Valuation Report
C. Cost Accounting Valuation Report
D. COGS and Revenue Matching Report
E. Inventory Valuation Report
F. Costing Account Balances Report
G. Layer Inventory Valuation Report
Answer: A,B,D,F
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Updated: May 28, 2022