Online Access Free Oracle.1z0-1074-21.v2021-12-28.q25 Practice Test (Page 5)

1Z0-1074-21 Exam Question 16

Identify the four types of cost adjustments.

A.A standard cost update will create an inventory value adjustment.

B.When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchase order.

C.A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

D.A change to a requisition after the purchase order has been created will create a cost adjustment.

E.Authorized users can manually create cost adjustments.

F.A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

1Z0-1074-21 Exam Question 17

If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings?

A.Query the transaction from Review Cost Accounting Distributions to see the error message.

B.Review errors in the Create Accounting Execution report.

C.Refer to the Accounting Event Diagnostic report.

D.Refer to the Accounting Event Diagnostic log.
E Review errors in the Create Accounting Execution log.

1Z0-1074-21 Exam Question 18

A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A.Closed

B.Close Pending

C.Permanently Closed

D.Open

E.Never Opened

1Z0-1074-21 Exam Question 19

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A.Rule sets assigned to a secondary ledger with a different COA

B.Rule sets that use the same chart of accounts

C.Rule sets not associated with any chart of accounts

D.Rule sets where the accounting rules override the method rule set

E.Rule sets that have a mapping set to convert the accounts

1Z0-1074-21 Exam Question 20

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

A.It is used only for analyzing gross margins on noninventory sales of services.

B.It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.

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.You can define the name of your expense pool, but you cannot define more than one.

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1Z0-1074-21 Exam Question 16

1Z0-1074-21 Exam Question 17

1Z0-1074-21 Exam Question 18

1Z0-1074-21 Exam Question 19

1Z0-1074-21 Exam Question 20

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