Free Jan-2023 1z0-1074-22 Certification Sample Questions certification Exam

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Oracle 1z0-1074-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Explain the Role of Costing Key setups and Cost policies Explain Cost Accounting and how it integrates with other modules
Topic 2	Explain Common Projects Enabled SCM Configurations Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost
Topic 3	Manage Charge Names, Referance types & Routes Describe the Cost Accounting Work Area
Topic 4	Costing and Inventory Foundations Receipt Accounting Overview
Topic 5	Manage Project enabled Work Orders Receipt Accounting processes
Topic 6	Create Standard Costs, Resource Rates, and Overhead Rates Explain key implementation decision points
Topic 7	Explain Common Inventory Configurations Managerial Accounting Overview Manage Daily Cost Accounting tasks
Topic 8	Perform Cost Accounting processes & Reporting Analyze and resolve Standard Cost variances

 

NEW QUESTION 50
Which two statements are true about Cost Accounting books? (Choose two.)

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

Answer: A,C

 

NEW QUESTION 51
Universal containers (UC) wants to schedule work orders only if technicians have the necessary qualifications to complete the designated work In which two ways can UC achieve this Choose 2 answers

• A. Leverage the match skills work rule when scheduling appointments
• B. Leverage the match skills scheduling policy when scheduling appointments
• C. Create skills that relate to qualifications from the skills tab end assign them to a service resource
• D. Create skills that relate to qualifications from setup and assign them to a service resource

Answer: A,D

 

NEW QUESTION 52
Identify four features provided by the Review Work Order Costs UI when displaying work order

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

Answer: A,B,C,E

 

NEW QUESTION 53
At universal containers the service territory member's time zone is one hour behind the service territory time zone how should the consultant ensure proper scheduling and optimization for the member?

• A. Subtract one hour from the start and end times on the service territory.
• B. Add one hour to the start and end times on the service territory.
• C. Change the time zone on the service territory member's user record to match the service territory's time zone.
• D. Add one hour to the start and end times on the service territory member's operating hours.

Answer: D

 

NEW QUESTION 54
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

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

Answer: C

 

NEW QUESTION 55
Service appointments in a "cannot complete" status may indicate that an additional part or expert assistance is needed to complete the work. Universal containers defined that service appointments in a "cannot complete" status are unable to be rescheduled or unscheduled for history tracking purposes.
Which two items should the consultant recommend to meet the requirement?
Choose 2 answers

• A. Ensure that status transition are configured to allow the status update from "cannot complete" to "scheduled".
• B. Define "cannot complete" as a pinned status for auto-dispatch services.
• C. Ensure that status transitions are configured to prevent the update from "cannot complete" to "none'.
• D. Define "cannot complete" as a pinned status for scheduling and optimization services.

Answer: C,D

 

NEW QUESTION 56
Northern trail outfitters (N T O) wants to automatically dispatch a technician's next two service appointments after the technician completes their current service appointment. NTO wants to be consistent across all of the service territories and control the number of service appointments that are pushed to the technician.
What automated processing should the consultant configure upon work order completion to dispatch the next two appointments?

• A. Create an apex trigger.
• B. Build a workflow rule.
• C. Configure an auto dispatch schedule job.
• D. Enable drip feed dispatch.

Answer: D

 

NEW QUESTION 57
Your customer wants torun a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

• A. Inventory Valuation Report
• B. Costing Balances Report
• C. Revenue and COGS Matching Report
• D. Inventory Account Balances Report
  B COGS Account Balances Report

Answer: B,D

 

NEW QUESTION 58
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 timeframe.
• B. Auto-generate work orders with a 14-day Generation horizon.
• C. Associate a required skill called site visit to a maintenance plan.
• D. Associate a work type called site visit to a maintenance plan.

Answer: B,D

 

NEW QUESTION 59
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

• A. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
• B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
• C. Run the "Activate Sub ledger Journal Entry RuleSet Assignments" process.
• D. Run the "Activate Accounting Methods" process.
• E. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task

Answer: B,C

 

NEW QUESTION 60
At what level can you define item cost profiles?

• A. 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.
• B. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
• C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
• D. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

Answer: B

 

NEW QUESTION 61
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

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

Answer: B,C

 

NEW QUESTION 62
Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down.
How do you accomplish this?

• A. Turn off merge matchinglines in the journal line rule.
• B. Write a custom report.
• C. Turn off the summarize flag in the journal line rule.
• D. Turn on detailed posting for GL in the ledger setup.
• E. Extract distribution accounting entries.

Answer: A

 

NEW QUESTION 63
Universal Containers has dispatchers who can set up new territories, define new schedule policies, and control settings on the Gantt chart.
In addition to Field Service Lightning Dispatcher Permissions and the Field Service Lightning Dispatcher License, which permissions should a Consultant assign to the dispatchers'7

• A. Field Service Lightning Standard Permissions
• B. Field Service Lightning Scheduling License
• C. Field Service Lightning Mobile License
• D. Field Service Lightning Admin Permissions

Answer: A

 

NEW QUESTION 64
Which three features are included in Receipt Accounting?

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

Answer: C,D,E

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/faims/implementing-receipt-acco

 

NEW QUESTION 65
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. Run the Transfer Transactions to Costing process.
• B. Close the August period; you can never have two open periods at the same time.
• C. Change the number of maximum open periods in Manage Cost Organization Relationships
• D. Perform cost account validations for August in Manage Cost Accounting Periods

Answer: A

 

NEW QUESTION 66
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

• A. The accounting method may only be used by ledgers without a COA.
• B. Accounting rules cannot override the accounting method.
• C. Any secondary ledger that uses the methodcannot have a COA.
• D. The accounting method can be assigned to any ledger.
• E. The accounting method must have a mapping set to convert the accounts.

Answer: B

 

NEW QUESTION 67
the org -wide default sharing for a service appointment Is set to private If the service appointment is cancelled, which users will have visibility to the record?

• A. owner of service appointment and members of user territory
• B. owner of service appointment and members of service territory
• C. assigned resources, owner of service appointment and members of service territory
• D. assigned resources, owner of service appointment and members of user territory

Answer: A

 

NEW QUESTION 68
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