Free Oracle 1Z1-1024 Exam Dumps Questions & Answers

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

• A.  You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
• B.  Create the cost in Manage Cost Scenarios.
• C.  Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
• D.  This requirement will already be met by the default data generated when using Quick Setup.

Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1

• A.  Copy and rename predefined subledger journal entry rule sets before modifying them.
• B.  Journal entry rule sets do not require accounting rules.
• C.  Use a different journal entry rule set for each ledger with a different accounting convention.
• D.  The subledger journal entry rule set does not need the same accounting event class as the accounting method.
• E.  The subledger journal entry rule set does not need the same accounting event type as the accounting method.

Which statement is true regarding the cost cutoff date in Cost Accounting?

• A.  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.
• B.  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.
• C.  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.
• D.  It only affects whether or not you can process a cost adjustment.

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

• A.  Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
• B.  Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
• C.  Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
• D.  Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
• E.  Run the "Activate Accounting Methods" process.

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

• A.  Assign accruals to purchase order transactions.
• B.  Transfer transactions from payables.
• C.  Transfer transactions from receiving.
• D.  Create distributions.
• E.  Transfer to Sub ledger Accounting.