Part-3:Oracle Cloud Cost Management Certifications: 1Z0-1074-20

Question 9:

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?

Option's:
A. Perform cost account validations for August in Manage Cost Accounting Periods
B. Run the Transfer Transactions to Costing process.
C. Close the August period; you can never have two open periods at the same time.
D. Change the number of maximum open periods in Manage Cost Organization Relationships


Answer: B (D)

Question 10:

Trade events for physical shipments are interfaced into the Cost Accounting sub ledger from
which module?

 

Option's:
A. Inventory
B. Order Management
C. Purchasing
D. Financial Orchestration
E. Shipping

Answer: D (Ok)
 

Question 11:

Your client wants their expense items to be accrued at receipt. Which two configurations
support this requirement?

 

Option's:
A. Manage Common Options for Payables and Procurement > Select the business unit > Expense
Accruals > Set Accrue Expense Items to At Receipt.
B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close
Point to Accrue at At Receipt.
C. Product Information Management > Search and select the expense item > Specifications>Manufacturing >Verify that Inventory Asset Value is set to "Yes"
D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close
Point to Accrue at Period End.
E. Manage Common Options for Payables and Procurement >Select the business unit > Expense
Accruals > Set Accrue Expense Items to Period End.
F. Product Information Management > Search and select item > Specifications > Manufacturing> Verify that Inventory Asset Value is set to "No".

Answer: B D.
 

Question 12

Your client has accounting rules that need specific customization. Which two options allow
them to accomplish this ____ ?

Option's:
A. Copy and rename predefined sub ledger journal entry rule sets before modifying them.
B. Use a different journal entry rule set for each ledger with a different accounting convention.
C. The sub ledger journal entry rule set does not need the same accounting event class as the
accounting method.
D. Journal entry rule sets do not require accounting rules.
E. The sub ledger journal entry rule set does not need the same accounting event type as the
accounting method.

Answer: E.