Practice Free 1z0-1074-23 Oracle Cost Management Cloud 2023Implementation Essentials Exam Questions Answers With Explanation

It only affects whether or not you can process a cost adjustment.

Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Open

Closed

Permanently Closed

Never Opened

Close Pending

Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.

Add the subledger journal entry rule sets to the Manage Accounting Methods task.

Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

Run the "Activate Accounting Methods" process.

Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.

This requirement will already be met by the default data generated when using Quick Setup.

Create the cost in Manage Cost Scenarios.

You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.

It is used for calculating the estimated cost of manufactured items under different scenarios.

It is used for Receipt Accounting.

It is where you define your Cost Accounting policies.

It is where you define which cost method you want to use for the cost component to cost element mapping.

Manage the Item Cost task.

Import standard costs from receipt layers.

Manage the Standard Cost task.

Create Standard Cost in a spreadsheet.

Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

Transfer transactions from the Inventory to the Costing process.

Transfer transactions from the Payables to the Costing process.

Update standard costs.

Allocate charges

Prepare the Material Purchase Order Data process.

Business Unit/Landed Cost Charge/Cost Organization

Item/Business Unit/Route

Item Category/Material Supplier/Landed Cost Charge

Inventory Organization/Landed Cost Charge/Third Party Supplier

Item Catalog/Inventory Organization/Business Unit

Inventory

Order Management

Purchasing

Financial Orchestration

Shipping

Analyze Standard Purchase Cost Variances

Create Receipt Accounting Distribution

Review Item Costs

Adjust Receipt Accrual Clearing Balances

Review Journal Entries

Work definitions with the highest costing priority

Work definitions with the lowest production priority

Work definitions with specific unit numbers

Work definitions without alternates

Work definitions with the highest production priority

Event Class: Expense Accrual Event Type: Expense Accrual

Event Class: Period End Accrual Event Type: Period End Accrual

Event Class: Expense Accrual Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.

A cost organization has one book that posts to the primary ledger.

Every cost organization must use different book names; they cannot be shared.

Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.

Transfer to Sub ledger Accounting.

Transfer transactions from payables.

Transfer transactions from receiving.

Create distributions.

Assign accruals to purchase order transactions.

Turn off merge matching lines in the journal line rule.

Turn off the summarize flag in the journal line rule.

Write a custom report.

Turn on detailed posting for GL in the ledger setup.

Extract distribution accounting entries.

When using ledgers that have unique accounting requirements

When using account combination rules

When account combination rules use constants

Every accounting method should have a COA.

When using segment rules