Oracle Cost Management Cloud 2017 Implementation Essentials - 1z1-987 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Analyzing and Comparing Costs B. Manage Cost Accounting Periods C. Review Item Costs D. Estimating Standard Costs for Assemblies E. Manage Resource Rates F. Review Work Order Costs

Discussion 0

Correct Answer: D,E,F Vote an answer

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Question 2

You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A. Cost Scenario B. Charge Name C. Routes D. Orders E. Trade Operation

Discussion 0

Correct Answer: D Vote an answer

Question 3

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

Discussion 0

Correct Answer: B Vote an answer

Question 4

Identify four reasons to use the set ID when defining Cost Accounting setups.

A. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting. B. You don't have to create any definitions for cost books. C. You can share definitions across multiple cost organizations. D. You can streamline your setup effort. E. You have the option to share setup data across all cost organizations using the common set. F. You can control which definitions are visible to different cost organizations

Discussion 0

Correct Answer: A,C,D,E Vote an answer

Question 5

A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A. Open B. Never Opened C. Close Pending D. Permanently Closed E. Closed

Discussion 0

Correct Answer: E Vote an answer

Question 6

Select two ways to define the standard cost for an item from the Cost Accounting work

A. Create Standard Cost in a spreadsheet. B. Manage the Standard Cost task. C. Import standard costs from receipt layers. D. Manage the Item Cost task.

Discussion 0

Correct Answer: A,D Vote an answer

Question 7

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction. B. There is no difference between owned inventory and consigned inventory. C. Consigned items can appear on inventory reports with information about the eventual value of the consigned item D. The liability for a consigned item occurs when 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 quantity is tracked in inventory but not as an asset until there is an ownership event

Discussion 0

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