Oracle Cost Management Cloud 2017 Implementation Essentials - 1z0-987 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which two types of costs are included in the cost of contract manufactured items?

A. The cost of resources consumed at the OEM's factory B. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer C. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit. D. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items E. The cost of the contract manufacturing service Item. This is the price that the contract

Discussion 0

Correct Answer: B,D Vote an answer

Question 2

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

A. Execute the Preprocessor. B. Transfer costs to Cost Management. C. Activate its journal entry rule set assignments. D. Transfer transactions from Receiving to Costing. E. Create Accounting.

Discussion 0

Correct Answer: E Vote an answer

Question 3

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

Discussion 0

Correct Answer: B Vote an answer

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Question 4

After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A. Cost of Goods Sold B. Retro-reprice C. In-transit D. Overhead E. Adjustments

Discussion 0

Correct Answer: D Vote an answer

Question 5

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions without alternates B. Work definitions with the highest costing priority C. Work definitions with specific unit numbers D. Work definitions with the highest production priority E. Work definitions with the lowest production cost

Discussion 0

Correct Answer: C,E Vote an answer

Question 6

Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing B. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing C. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing D. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management E. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing F. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

Discussion 0

Correct Answer: D Vote an answer

Question 7

Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A. Perform cost account validations for August in Manage Cost Accounting Periods B. Close the August period; you can never have two open periods at the same time. C. Run the Transfer Transactions to Costing process. D. Change the number of maximum open periods in Manage Cost Organization Relationships

Discussion 0

Correct Answer: C Vote an answer