About Oracle Cost Management Cloud 2023 Implementation Essentials : 1z0-1074-23 Exam Questions

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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?

A) Overhead
B) Cost of Goods Sold
C) In-transit
D) Retro-reprice
E) Adjustments

2. Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.

A) Receipt number
B) Bill of Lading
C) Expense invoice number
D) Internal requisition number
E) Shipment number

3. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A) Create a secondary ledger to track gain/loss.
B) Create a foreign reporting currency to track gain/loss.
C) Turn on the Subledger Gain or Loss Option.
D) Subledger Accounting is already set up to process it.

4. Identify two characteristics of an expense pool. (Choose two.)

A) It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
B) You can define the name of your expense pool, but you cannot define more than one.
C) It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
D) It is used only for analyzing gross margins on noninventory sales of services.

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

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

Solutions: