Oracle Cost Management Cloud 2026 Implementation Professional - 1Z0-1074-26 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual B. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual C. Event Class: Expense Accrual Event Type: Expense Accrual D. Event Class: Expense Accrual Event Type: Period End Accrual E. Event Class: Period End Accrual Event Type: Period End Accrual

Discussion 0

Correct Answer: E Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 2

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

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 3

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A. Add the subledger journal entry rule sets to the Manage Accounting Methods task. B. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set. C. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task. D. Run the "Activate Subledger Journal Entry Rule Set Assignments" process. E. Run the "Activate Accounting Methods" process.

Discussion 0

Correct Answer: A,D Vote an answer

Question 4

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. Suspense accounts cannot be used. D. An error will always occur. E. The preprocessor will pre-warn about this error.

Discussion 0

Correct Answer: A,B Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 5

Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

A. Purchase Variance Summary B. Cost Processing C. Item Costs D. Inventory Valuation E. Journal Entries F. Work Order Costs

Discussion 0

Correct Answer: A,D,F Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 6

Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

A. Turn on detailed posting for GL in the ledger setup. B. Extract distribution accounting entries. C. Turn off the summarize flag in the journal line rule. D. Turn off merge matching lines in the journal line rule. E. Write a custom report.

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 7

Select the two valid relationships between subledger components.

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

Discussion 0

Correct Answer: C,D Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 8

You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.

A. The application will generate an error because there are two work definitions for the same item. B. The application will use the work definition that is named Plan B. C. The scenario will choose the work definition that is production priority 1. D. The cost planning scenario will use both work definitions for the item. E. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 9

If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? (Choose Three)

A. Refer to the Accounting Event Diagnostic Log. B. Review errors in the Create Accounting Execution report. C. Query the transaction from Review Cost Accounting Distributions to see the error message. D. Review errors in the Create Accounting Execution log. E. Refer to the Accounting Event Diagnostic report.

Discussion 0

Correct Answer: B,C,E Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).