Free Oracle 1Z0-1074-21 Exam Dumps Questions & Answers

Which three features are included in Receipt Accounting?

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

Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

• A.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
• B.Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
• C.Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
• D.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to At Receipt.
• E.Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• F.Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to Period End.

Which two statements are true about Cost Accounting books? (Choose two.)

• A.Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
• B.A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
• C.A cost organization has one book that posts to the primary ledger.
• D.Every cost organization must use different book names; they cannot be shared.

Identify four features provided by the Review Work Order Costs UI when displaying work order

• A.Standard Cost variances
• B.Incremental Costs
• C.Variable Costs
• D.Output Costs
• E.Scrap Costs
• F.Input Costs

What are three cost method choices that are available in Cost Accounting?

• A.Perpetual average cost
• B.Actual cost (FIFO or First In First Out)
• C.Actual cost (LIFO or Last In First Out)
• D.Standard cost
• E.Periodic average cost
• F.Period end average cost