Free Oracle 1Z0-1074-24 Exam Questions

Become Oracle Certified with updated 1Z0-1074-24 exam questions and correct answers

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Total 82 Questions | Updated On: May 04, 2024

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Question 1

You have configured the application as follows:

• Expense items are set to accrue at receipt.

• Receipt Close tolerance is set to 75 percent.

• Purchasing Line types are set to 2-way match.

When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is

added.

Which two configurations changes willensure the Accrue on Receipt check box is not selected by default?

A : ange expense items to accrue at period end.

B : ange the Purchasing Line types to 4-way match.

C : ange inventory items to accrue at period end.

D : ange the Purchasing Line types to 3-way match.

E : ange the Receipt Close tolerance so it is 100 percent.

Answer: B,D

Question 2

Identify the four types of cost adjustments.

A : change to a requisitionafter the purchase order has been created will create a cost adjustment.

B : revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

C : tandard cost update will create an inventory value adjustment.

D : thorized users can manually create cost adjustments.

E : en a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are differentfrom the estimated amount on the purchase order

F : retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Answer: A,B,D

Question 3

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 : rchase order information is automatically sent to Receipt Accounting using a real-timemethod

B : is process can only be scheduled and run from the Receipt Accounting work area

C : u do not have the role to import purchase order information into Receipt Accounting.

D : l purchase order information is included in the Transfer Transactionsfrom Receiving to Costing process. There is no separate process

E : rchase order information should not be imported into Receipt Accounting.

Answer: A

Question 4

In which two scenarios would you define account rules based on value sets?

A : en a chart of accounts is assigned to the value set definition

B : en asecondary ledger has a different COA

C : the absence of a chart of accounts on the accounting method

D : en there is a mapping set to convert the accounts

E : a segment shares the same value set across multiple chart of accounts

Answer: A,D

Question 5

Identify two characteristics of Landed Cost charge names.

A : ty is a seededcharge name for Landed Cost.

B : u can modify a charge name until it is associated with a trade operation.

C : arge names cannot be used to tie an invoice to a trade operation.

D : u can use multiple currencies within a trade operation for the samecharge name on different lines.

E : arge names cannot be associated with a PO schedule.

Answer: B,D

Page: 1 / 17

Total 82 Questions | Updated On: May 04, 2024

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