Sunday, December 6, 2020

Part-6:Oracle Cloud Cost Management Certifications: 1Z0-1074-20


Question 21:
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing ?


Option's:
A. Internal requisition number
B. Shipment number
C. Expense invoice number
D. Bill of Lading
E. Receipt number



Answer: A B  (BD)



Question 22:
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?


Option's:
A. It is only used when you do not need to maintain an arm's length relationship.
B. It can help you understand true margins and value added by internal business units through the internal supply chain.
C. It can help you with consolidated financial reporting.
D. 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.
E. 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. 


Answer: C D E  (OK)


Question 23:
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? A. Query the transaction from Review Cost Accounting Distributions to see the error message.



Option's:
B. Review errors in the Create Accounting Execution report.
C. Refer to the Accounting Event Diagnostic report.
D. Refer to the Accounting Event Diagnostic log.
E Review errors in the Create Accounting Execution log. 



Answer: B (A B C)
  


Question 24:
Identify three characteristics of cost component to cost element mapping. A. You cannot modify, duplicate, or create user-defined cost components.


Option's:
B. You can only define one cost component to cost element mapping for an installation.
C. It is one of the attributes you define as part of your cost profile definitions.
D. It is user-defined.
E. It lets you define how cost component level costs will map into cost elements.



Answer: C D E (OK)

Explanation https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9392D04E277B3B45E040D30A68817A96





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