Free Oracle 1Z1-1024 Exam Dumps Questions & Answers

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

• A.Debit Accrued Liability, Credit Accounts Payable
• B.Debit Receiving Inspection, Credit Accrued Liability
• C.Debit Expense, Credit Receiving Inspection
• D.Debit Expense, Credit Expense Accrual
• E.Debit Charge Account (expense or inventory), Credit Receiving Inspection

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

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

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

Identify two characteristics of a cost profile.

• A.It is where you define which cost method you want to use for the cost component to cost element mapping.
• B.It is used for Receipt Accounting.
• C.It is used for calculating the estimated cost of manufactured items under different scenarios.
• D.It is where you define your Cost Accounting policies.