Download Oracle Cost Management Cloud 2018 Implementation Essentials.1z0-1024.SelfTestEngine.2019-06-11.33q.vcex

Vendor: Oracle
Exam Code: 1z0-1024
Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials
Date: Jun 11, 2019
File Size: 22 KB
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Demo Questions

Question 1
Which two outcomes can happen in create accounting when an account combination returned is end dated? (Choose two.)
  1. An alternate account will be used if provided.
  2. The original account is stored on the journal line.
  3. Suspense accounts cannot be used.
  4. The preprocessor will pre-warn about this error.
  5. An error will always occur.
Correct answer: AB
Question 2
Your client wants to view Landed Cost Varinace. Which pair of search options are available to view Landed Cost Varinace?
  1. Inventory Organization and Cost Organization
  2. Inventory Organization and Legal Entity
  3. Legal Entity and Cost Organization
  4. Business Unit and Legal Entity
  5. Business Unit and Inventory Organization
  6. Business Unit and Cost Organization
Correct answer: E
Question 3
Identify four characteristics of a cost element. (Choose four.)
  1. The mapping of cost components into cost elements is user-defined.
  2. It uses date effectivity.
  3. It is the granularity at which costs are tracked and accounted.
  4. Users can define any number of cost elements.
  5. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
  6. It is user-defined.
Correct answer: ABEF
Question 4
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario. (Choose two.)
  1. Work definitions with the highest costing priority
  2. Work definitions with the lowest production priority
  3. Work definitions with specific unit numbers
  4. Work definitions without alternates
  5. Work definitions with the highest production priority
Correct answer: BC
Question 5
Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances? (Choose two.)
  1. Costing Balances Report
  2. COGS Account Balances Report
  3. Revenue and COGS Matching Report
  4. Inventory Valuation Report
  5. Inventory Account Balances Report
Correct answer: CE
Question 6
Identify three Landed Cost Management tasks. (Choose three.)
  1. Create Accounting
  2. Capture Charges
  3. Perform Allocations
  4. View Rolled Up Costs
  5. Manage Cost Scenarios
  6. Review Journal Entries
Correct answer: ABC
Question 7
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently. 
Which cost period status will allow the system to perform the transaction?
  1. Never Opened
  2. Open
  3. Closed
  4. Permanently
  5. Close Pending
Correct answer: C
Question 8
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? (Choose three.)
  1. It can help you understand true margins and value added by internal business units through the internal supply chain.
  2. 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.
  3. 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.
  4. It can help you with consolidated financial reporting.
  5. It is only used when you do not need to maintain an arm's length relationship.
Correct answer: ABD
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?
  1. Run the Transfer Transactions to Costing process.
  2. Change the number of maximum open periods in Manage Cost Organization Relationships.
  3. Close the August period; you can never have two open periods at the same time.
  4. Perform cost account validations for August in Manage Cost Accounting Periods.
Correct answer: A
Question 10
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
  1. Receipt Accounting Real Time Report
  2. Accrual Supplier Liability Report
  3. Accrual Reconciliation Report
  4. Accrual Clearing Report
  5. Uninvoiced Receipt Accrual Report
Correct answer: C
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