Part-13:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 49:

Which two outcomes can happen in create accounting when an account combination returned is end dated? 

Option's:

A. The original account is stored on the journal line. 

B. Suspense accounts cannot be used. 

C. An alternate account will be used if provided. 

D. An error will always occur. 

E. The preprocessor will pre-warn about this error. 

Answer: A & C 

Explanation https://docs.oracle.com/en/cloud/saas/financials/18b/faisl/subledger-accountingsetup.html#FAISL212668

Question 50:

You have configured the application as follows: * Expense items are set to accrue at receipt. * Receipt Close tolerance is set to 75 percent. * Purchasing Line types are set to 2-way match. When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default? 

Option's:

A. Change expense items to accrue at period end. 

B. Change the Purchasing Line types to 4-way match. 

C. Change inventory items to accrue at period end. 

D. Change the Purchasing Line types to 3-way match. 

E. Change the Receipt Close tolerance so it is 100 percent. 

Answer: B & D

Question 51

When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect? 

Option's:

A. Receivables invoices; actual cost can be used. 

B. Payables invoices; invoice price variance can be added to item cost. 

C. Receipt costs; costs include adjustments. 

D. Requisition costs; validated costs can be used. 

E. Purchase order costs; item catalog costs can be used.

Answer: A

Question 52

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? 

Option's:

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

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

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

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

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

Answer: A