Free Oracle 1Z0-1074-21 Exam Dumps Questions & Answers

Identify four processors available in the cost processor.

• A.  Cost of Goods Sold Processor
• B.  Costing Period Processor
• C.  Cost Accounting Processor
• D.  Cost Reports Processor
• E.  Receipt Processor
• F.  Cost Distribution Processor

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

• A.  Consigned items can appear on inventory reports with information about the eventual value of the consigned item
• B.  A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
• C.  The quantity is tracked in inventory but not as an asset until there is an ownership event
• D.  Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
• E.  The liability for a consigned item occurs when there is an ownership event.
• F.  There is no difference between owned inventory and consigned inventory.

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

• A.  Work definitions with the lowest production cost
• B.  Work definitions with specific unit numbers
• C.  Work definitions with the highest costing priority
• D.  Work definitions without alternates
• E.  Work definitions with the highest production priority

Identify two characteristics of a cost profile.

• A.  It is used for Receipt Accounting.
• B.  It is used for calculating the estimated cost of manufactured items under different scenarios.
• C.  It is where you define which cost method you want to use for the cost component to cost element mapping.
• D.  It is where you define your Cost Accounting policies.

A chart of accounts (COA) must be specified on the accounting method for which two situations?

• A.  When using ledgers that have unique accounting requirements
• B.  When using account combination rules
• C.  When account combination rules use constants
• D.  When using segment rules
• E.  Every accounting method should have a COA.