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

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Question # 4

Which three features are included in Receipt Accounting?

A.

Analyze Standard Purchase Cost Variances

B.

Create Receipt Accounting Distribution

C.

Review Item Costs

D.

Adjust Receipt Accrual Clearing Balances

E.

Review Journal Entries

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Question # 5

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

A.

You can share definitions across multiple cost organizations.

B.

You can control which definitions are visible to different cost organizations

C.

You can streamline your setup effort.

D.

You have the option to share setup data across all cost organizations using the common set.

E.

You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

F.

You don't have to create any definitions for cost books.

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Question # 6

Which four steps need to be completed to establish standard costs for a make item?

A.

Export item costs

B.

Run preprocessor

C.

Complete cost roll-up

D.

Publish costs

E.

Create a new cost scenario

F.

Add standard costs to a cost scenario

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Question # 7

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.

Closed

C.

Permanently Closed

D.

Never Opened

E.

Close Pending

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Question # 8

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

A.

The accounting method must have a mapping set to convert the accounts.

B.

Accounting rules cannot override the accounting method.

C.

The accounting method can be assigned to any ledger.

D.

Any secondary ledger that uses the method cannot have a COA.

E.

The accounting method may only be used by ledgers without a COA.

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