Oracle Cost Management Cloud 2017 Implementation Essentials

QUESTION NO: 1
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

A. Run the Transactions from Procurement to Costing process. B. Run the Create Accounting process. C. Run the Transactions from Receiving to Costing process. D. Run the Clear Receipt Accrual Balances process. E. Run the Transfer Costs from Payables to Cost Management process.

Correct Answer: A

QUESTION NO: 2
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

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

Correct Answer: A,B

QUESTION NO: 3
Identify four features provided by the Review Work Order Costs UI when displaying work order

A. Output Costs B. Variable Costs C. Incremental Costs D. Scrap Costs E. Standard Cost variances F. Input Costs

Correct Answer: A,B,E,F

QUESTION NO: 4
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing

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

Correct Answer: C,E

QUESTION NO: 5
Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

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

Correct Answer: D,F

QUESTION NO: 6
Identify two characteristics of a cost profile.

A. It is where you define which cost method you want to use for the cost component 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: 7
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose. B. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date. C. It must always use the work definition with the October 1, 2015 effective date. D. It will use the work definition with the January 2, 2016 effective date.

Correct Answer: A

Oracle Cost Management Cloud 2017 Implementation Essentials - 1z0-987 Exam Questions