Oracle Cost Management Cloud 2019 Implementation Essentials

QUESTION NO: 1
Which two outcomes can happen in create accounting when an account combination returned is end dated?

A. Suspense accounts cannot be used. B. The preprocessor willpre-warn about this error. C. An alternate account will be used if provided. D. The original account is stored on the journal line. E. An error will always occur.

Correct Answer: C,D

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QUESTION NO: 2
Identify two purposes of Sub ledger Accounting.

A. to obtain detailed information for auditpurposes since all sub ledger accounting is at the detail level B. to centralize accounting string generation across all modules C. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger D. to calculate costs for transactions E. to maintain backward compatibility

Correct Answer: C,D

QUESTION NO: 3
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?

A. 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 B. 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 C. 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 D. 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 E. 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

Correct Answer: D

QUESTION NO: 4
Identify four processors available in the cost processor.

A. Cost of Goods Sold Processor B. Cost Reports Processor C. Costing Period Processor D. Cost Distribution Processor E. Receipt Processor F. Cost Accounting Processor

Correct Answer: A,B,D,F

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QUESTION NO: 5
Identify two characteristics of a cost profile.

A. It is where you define which cost method you want to use for the costcomponent to cost element mapping. B. It is where you define your Cost Accounting policies. C. It is used for Receipt Accounting. D. It is used for calculating the estimated cost of manufactured items under different scenarios.

Correct Answer: B,C

QUESTION NO: 6
If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A. The accounting method may only be used by ledgers without a COA. B. Accounting rules cannot override the accounting method. C. Theaccounting method must have a mapping set to convert the accounts. D. Any secondary ledger that uses the method cannot have a COA. E. The accounting method can be assigned to any ledger.

Correct Answer: B

QUESTION NO: 7
Which four predefined costing reports can you use to gatherinformation to review inventory value? (Choose four.)

A. In-transit Valuation Report B. Costing Account Balances Report C. Layer Inventory Valuation Report D. COGS and Revenue Matching Report E. Work in Process Inventory Valuation Report F. Inventory Valuation Report G. Cost Accounting Valuation Report

Correct Answer: A,B,D,E

QUESTION NO: 8
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

A. Purchase order information is automatically sent to Receipt Accounting using a real-timemethod B. All purchase order information is included in the Transfer Transactionsfrom Receiving to Costing process. There is no separate process. C. This process can only be scheduled and run from the Receipt Accounting work area D. Purchase order information should not be imported into Receipt Accounting. E. You do not have the role to import purchase order information into Receipt Accounting.

Correct Answer: A

Oracle Cost Management Cloud 2019 Implementation Essentials - 1Z1-1074 Exam Questions