1z0-1074-23 Exam Dumps - Oracle Cost Management Cloud 2023Implementation Essentials

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Question # 17

If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?(Choose Three)

Refer to the Accounting Event Diagnostic report.

Review errors in the Create Accounting Execution log.

Review errors in the Create Accounting Execution report.

Query the transaction from Review Cost Accounting Distributions to see the error message.

Refer to the Accounting Event Diagnostic Log.

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Question # 18

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?

Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

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Question # 19

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

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Question # 20

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

Receipt Accounting

Cost Accounting

Landed Cost Management

Inventory Management

Product Model

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Question # 21

Which statement is true regarding the cost cutoff date in Cost Accounting?

It only affects whether or not you can process a cost adjustment.

Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

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Question # 22

Select the two valid relationships between subledger components.

The accounting method holds the accounting rules by Event Class and Event Type.

The journal lines hold the journal entry rule sets.

The accounting method groups journal entry rule sets by Event Class and Event Type.

Journal entry rules are used to hold accounting rules.

Journal entry rule sets hold journal rules and accounting rules.

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Question # 23

You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.

Identify two reasons this happened.

The item has no on-hand inventory.

The assembly item is marked as Perpetual Average costed.

Outstanding purchase orders have not been received.

The Work Definition is incomplete.

Burdens have not been established for the item

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