Online Access Free 1Z0-1024 Exam Questions

Which two statements are true about Cost Accounting books?

• A.A cost organization has one book that posts to the primary ledger.
• B.Every cost organization must use different book names; they cannot be shared.
• C.A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
• D.Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.

Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

• A.Costing Balances Report
• B.Inventory Account Balances Report
  B COGS Account Balances Report
• C.Revenue and COGS Matching Report
• D.Inventory Valuation Report

Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

• A.Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
• B.Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
• C.Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
• D.Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing
• E.Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing
• F.Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

Identify three characteristics of cost component to cost element mapping.

• A.It lets you define how cost component level costs will map into cost elements.
• B.You cannot modify, duplicate, or create user-defined cost components.
• C.You can only define one cost component to cost element mapping for an installation.
• D.It is user-defined.
• E.It is one of the attributes you define as part of your cost profile definitions.

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

• A.Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
• B.Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
• C.Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
• D.Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
• E.Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status