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1z0-1074-22 Exam Dumps - Oracle Cost Management Cloud Questions and Answers

Question # 4

Which two steps need to be completed to estimate landed costs?

Options:

A.

Transfer transactions from the Inventory to the Costing process.

B.

Transfer transactions from the Payables to the Costing process.

C.

Update standard costs.

D.

Allocate charges

E.

Prepare the Material Purchase Order Data process.

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Question # 5

An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.

How do you get the journal line rule to calculate the gain or loss?

Options:

A.

Create a foreign reporting currency to track gain/loss.

B.

Create a secondary ledger to track gain/loss.

C.

Turn on the Subledger Gain or Loss Option.

D.

Subledger Accounting is already set up to process it.

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Question # 6

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?

Options:

A.

Query the transaction from ReviewCost Accounting Distributions to see the error message.

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.

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Question # 7

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

Options:

A.

Charge Name

B.

Reference Types

C.

Trade Operation Templates

D.

Routes

E.

Trade Operation

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Question # 8

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

Options:

A.

Receipt Accounting Processes, Cleared Accruals, ReceivingBalances, Receipt Accounting Transactions

B.

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

C.

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

D.

Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

E.

Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

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Question # 9

You need to simulate and estimate landed cost charges associated with purchase order receipts of material. What must you create to make this possible?

Options:

A.

Orders

B.

Cost Scenario

C.

Charge Name

D.

Routes

E.

Trade Operation

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Question # 10

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these

transactions to be transferred to the General Ledger?

Options:

A.

Transfer to Sub ledger Accounting.

B.

Transfer transactions from payables.

C.

Transfer transactions from receiving.

D.

Create distributions.

E.

Assign accruals to purchase order transactions.

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Question # 11

Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)

Options:

A.

Purchase Variance Summary

B.

Journal Entries

C.

Item CostIdentify two reference types used to tie a receipt trade operation to an expense invoice for landing

D.

Cost Processing

E.

Work Order Costs

F.

Inventory Valuation

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Question # 12

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?

Options:

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.

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Question # 13

Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1

Options:

A.

Copy and rename predefined subledger journal entry rule sets before modifying them.

B.

Use a different journal entry ruleset for each ledger with a different accounting convention.

C.

The subledger 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 subledger journalentry rule set does not need the same accounting event type as the accounting method.

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Exam Code: 1z0-1074-22
Exam Name: Oracle Cost Management Cloud 2022 Implementation Professional
Last Update: May 10, 2025
Questions: 79
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