Oracle Cost Management Cloud 2022 Implementation Professional - 1z0-1074-22 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Universal Containers wants to track when Technicians need to visit a customer site multiple times to resolve an issue.
How should a Consultant configure this using a single Work Order'

A. Create a new Service Appointment for each site visit. B. Create a new Product Consumed for each site visit. C. Create a new Child Work Order for each site visit. D. Create a new Work Order Line Item for each site visit.

Discussion 0

Correct Answer: A Vote an answer

Question 2

Which four predefined costing reports can you use to gather information to review inventoryvalue? (Choose four.)

A. Cost Accounting Valuation Report B. In-transit Valuation Report C. Work in Process Inventory Valuation Report D. COGS and Revenue Matching Report E. Layer Inventory Valuation Report F. Costing Account Balances Report G. InventoryValuation Report

Discussion 0

Correct Answer: B,C,D,F Vote an answer

Question 3

You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A. Run the Create Accounting process. B. Run the Transactions from Receiving to Costing process. C. Run the Transactions from Procurement to Costing process. D. Run the Transfer Costs from Payables to Cost Management process. E. Run the Clear Receipt Accrual Balances process.

Discussion 0

Correct Answer: B Vote an answer

Question 4

Universal containers requires trained inspectors to make three site visits per year to inspect containers sites. These visits must be scheduled within 14 days of the inspection due date.
What are two ways s consultant can configure maintenance plans to meet the requirement? Choose 2 answer

A. Auto-generate work orders with a 14-day Generation horizon. B. Auto-generate work orders with a 14-day Generation timeframe. C. Associate a work type called site visit to a maintenance plan. D. Associate a required skill called site visit to a maintenance plan.

Discussion 0

Correct Answer: A,C Vote an answer

Question 5

At what level can you define item cost profiles?

A. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile. B. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization. C. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined. D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

Discussion 0

Correct Answer: B Vote an answer

Question 6

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs B. Definethe route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs. C. Define the route in Functional Setup Manager andassociate with Manage Charge Invoice Associations in Landed Costs D. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs E. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

Discussion 0

Correct Answer: B Vote an answer

Question 7

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 CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing D. Inventory Valuation E. Journal Entries F. Work Order Costs

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 8

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A. It is only used when you do not need to maintain an arm's length relationship. B. It can help you with consolidated financial reporting. C. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units. D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit. E. It can help you understand true margins and value added by internal business units through the internal supply chain.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 9

Which three features are included in Receipt Accounting?

A. Create ReceiptAccounting Distribution B. Adjust Receipt Accrual Clearing Balances C. Review Item Costs D. Analyze Standard Purchase Cost Variances E. Review Journal Entries

Discussion 0

Correct Answer: A,B,E Vote an answer

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