Part-14:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 53

Identify two purposes of Sub ledger Accounting ?

Option's:

A. to maintain backward compatibility 

B. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level C. to calculate costs for transactions 

D. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger 

E. to centralize accounting string generation across all modules 

Answer: C & D

Question 54

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned? 

Option's:

A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item. 

B. There is no difference between owned inventory and consigned inventory. 

C. The liability for a consigned item occurs when there is an ownership event. 

D. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction. 

E. The quantity is tracked in inventory but not as an asset until there is an ownership event 

F. Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Answer: A, B, C & F

Question 55

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain. Which pair of tasks are required to define and associate routes in Landed Cost Management? 

Option's:

A. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs. 

B. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs C. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs 

D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs. E. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs 

Answer: A

Question 56

Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution? 

Option's:

A. Review their audit receipt accrual clearing balances. 

B. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to. 

C. Review their accrual balances and clear them. 

D. Review their Receipt Accounting processes that show whether any processes failed and why. 

E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected. 

Answer: B & C