Download Oracle.1z0-1024.TestKing.1999-11-30.33q.vcex

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Exam Oracle Cost Management Cloud 2018 Implementation Essentials
Number 1z0-1024
File Name Oracle.1z0-1024.TestKing.1999-11-30.33q.vcex
Size 21 KB
Posted Nov 30, 1999
Download Oracle.1z0-1024.TestKing.1999-11-30.33q.vcex

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Demo Questions

Question 1

You have an item with two work definitions. One work definition is production priority 1 and named Plan A. Another work definition is production priority 2 and named Plan B. In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name  as Plan B.  
How will the application select the work definition?


  1. The scenario will choose the work definition that is production priority 1.
  2. The cost planning scenario will use both work definitions for the item.
  3. The application will generate an error because there are two work definitions for the same item.
  4. The application will use the work definition that is named Plan B.
  5. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
Correct answer: A



Question 2

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario. (Choose two.)


  1. Work definitions with the highest costing priority
  2. Work definitions with the lowest production priority
  3. Work definitions with specific unit numbers
  4. Work definitions without alternates
  5. Work definitions with the highest production priority
Correct answer: BC



Question 3

Your customer wants to run 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? (Choose two.) 


  1. Costing Balances Report
  2. COGS Account Balances Report
  3. Revenue and COGS Matching Report
  4. Inventory Valuation Report
  5. Inventory Account Balances Report
Correct answer: CE



Question 4

Identify three Landed Cost Management tasks. (Choose three.)


  1. Create Accounting
  2. Capture Charges
  3. Perform Allocations
  4. View Rolled Up Costs
  5. Manage Cost Scenarios
  6. Review Journal Entries
Correct answer: ABC
Explanation:



Question 5

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element? 
(Choose three.)


  1. It can help you understand true margins and value added by internal business units through the internal supply chain.
  2. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
  3. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
  4. It can help you with consolidated financial reporting.
  5. It is only used when you do not need to maintain an arm's length relationship.
Correct answer: ABD



Question 6

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?


  1. Run the Transfer Transactions to Costing process.
  2. Change the number of maximum open periods in Manage Cost Organization Relationships.
  3. Close the August period; you can never have two open periods at the same time.
  4. Perform cost account validations for August in Manage Cost Accounting Periods.
Correct answer: A



Question 7

When attempting to open costing periods, your customer is receiving the following error: 
Error: You do not have the required permission. You can request that your help desk change your security settings. 
What configuration needs to be done so your customer will be able to open the Cost Accounting period?


  1. Create Data Access on the Accounts Payable role for the correct inventory organization.
  2. Create Data Access on the Cost Account role for the correct inventory organization.
  3. Create Data Access on the Cost Accountant role for the correct cost organization.
  4. Create Data Access on the Accounts Payable role for the correct cost organization.
Correct answer: D



Question 8

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?


  1. Receipt Accounting Real Time Report
  2. Accrual Supplier Liability Report
  3. Accrual Reconciliation Report
  4. Accrual Clearing Report
  5. Uninvoiced Receipt Accrual Report
Correct answer: C



Question 9

Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)


  1. Costing Account Balances Report
  2. In-transit Valuation Report
  3. COGS and Revenue Matching Report 
  4. Work in Process Inventory Valuation Report
  5. Layer Inventory Valuation Report
  6. Cost Accounting Valuation Report
  7. Inventory Valuation Report
Correct answer: ABCD



Question 10

You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.  
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?


  1. Run the Create Accounting for Costing process with the following parameters: 
    • Accounting Mode = Draft  
    • Report Style = Detail 
    • Transfer to General Ledger = No  
    • Post in General Ledger = No
  2. Run the Transfer Transactions from Inventory to Costing process with the following parameters: 
    • Accounting Mode = Draft  
    • Report Style = Detail  
    • Transfer to General Ledger = No  
    • Post in General Ledger = No
  3. Run the Create Cost Accounting Distribution process with the following parameters: 
    • Accounting Mode = Draft  
    • Report Style = Detail  
    • Transfer to General Ledger = No  
    • Post in General Ledger = No
  4. Run the Create Cost Accounting Distribution process with the following parameters: 
    • Accounting Mode = Final  
    • Report Style = No report 
    • Transfer to General Ledger = No 
    • Post in General Ledger = No
  5. Run the Create Accounting for Costing process with the following parameters: 
    • Accounting Mode = Final  
    • Report Style = No report 
    • Transfer to General Ledger = No 
    • Post in General Ledger = No
Correct answer: A









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