Free Oracle 1Z0-1074 Exam Dumps Questions & Answers

Identify two purposes of Sub ledger Accounting.

• A.  to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
• B.  to obtain detailed information for auditpurposes since all sub ledger accounting is at the detail level
• C.  to maintain backward compatibility
• D.  to calculate costs for transactions
• E.  to centralize accounting string generation across all modules

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

• A.  Event Class: Expense Accrual Event Type: Period End Accrual
• B.  Event Class: Expense Accrual Event Type: Expense Accrual
• C.  Event Class:Purchase Order Price Adjustment Event Type: Period End Accrual
• D.  Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
• E.  Event Class: Period End Accrual Event Type: Period End Accrual

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

• A.  Debit Charge Account (expense or inventory), Credit Receiving Inspection
• B.  Debit Expense, Credit Expense Accrual
• C.  Debit Accrued Liability, Credit Accounts Payable
• D.  Debit Expense, Credit Receiving Inspection
• E.  Debit Receiving Inspection, Credit Accrued Liability

Identify four reasons to usethe set ID when defining Cost Accounting setups. (Choose four)

• A.  You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
• B.  You can control which definitions are visible to different cost organizations
• C.  Youhave the option to share setup data across all cost organizations using the common set.
• D.  You can streamline your setup effort.
• E.  You don't have to create any definitions for cost books.
• F.  You can share definitions across multiple cost organizations.

Which four steps need to be completed to establish standard costs for a make item?

• A.  Publish costs
• B.  Add standard costs to a cost scenario.
• C.  Create a new cost scenario.
• D.  Complete cost roll-up.
• E.  Run preprocessor.
• F.  Export item costs.