1Z0-1074-26 Questions Prepare with Learning Information! 2026 Regularly updated
Get 1Z0-1074-26 Products Practice Material for 1Z0-1074-26 Exam Question Preparation
NEW QUESTION # 10
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? (Choose Three)
- A. Refer to the Accounting Event Diagnostic report.
- B. Review errors in the Create Accounting Execution report.
- C. Refer to the Accounting Event Diagnostic Log.
- D. Query the transaction from Review Cost Accounting Distributions to see the error message.
- E. Review errors in the Create Accounting Execution log.
Answer: A,B,D
Explanation:
Reference:
NEW QUESTION # 11
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Journal Entries
- B. Purchase Variance Summary
- C. Cost Processing
- D. Work Order Costs
- E. Item Costs
- F. Inventory Valuation
Answer: B,D,F
Explanation:
Reference:
NEW QUESTION # 12
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- B. They must create their valuation units manually.
- C. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- D. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
Answer: D
Explanation:
Reference:
NEW QUESTION # 13
Select the two valid relationships between subledger components.
- A. Journal entry rule sets hold journal rules and accounting rules.
- B. The journal lines hold the journal entry rule sets.
- C. The accounting method holds the accounting rules by Event Class and Event Type.
- D. The accounting method groups journal entry rule sets by Event Class and Event Type.
- E. Journal entry rules are used to hold accounting rules.
Answer: A,E
Explanation:
Reference:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm
NEW QUESTION # 14
Which two statements are true about Cost Accounting books? (Choose two.)
- A. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
- B. A cost organization has one book that posts to the primary ledger.
- C. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
- D. Every cost organization must use different book names; they cannot be shared.
Answer: B,C
Explanation:
Reference:
NEW QUESTION # 15
Identify four processors available in the cost processor.
- A. Cost Distribution Processor
- B. Cost Accounting Processor
- C. Cost Reports Processor
- D. Receipt Processor
- E. Costing Period Processor
- F. Cost of Goods Sold Processor
Answer: A,B,C,F
Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fapma/manage-cost-accounting.html#FAPMA146491
NEW QUESTION # 16
Identify three Landed Cost Management tasks.
- A. Create Accounting
- B. Capture Charges
- C. Review Journal Entries
- D. Manage Cost Scenarios
- E. Perform Allocations
- F. View Rolled Up Costs
Answer: A,B,E
Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/supply-chain-management/18b/faims/implementing-landed-cost-management.html#FAIMS1854624
NEW QUESTION # 17
Which four predefined costing reports can you use to gather information to review inventory value? (Choose four.)
- A. Layer Inventory Valuation Report
- B. COGS and Revenue Matching Report
- C. Costing Account Balances Report
- D. Work in Process Inventory Valuation Report
- E. Inventory Valuation Report
- F. In-transit Valuation Report
- G. Cost Accounting Valuation Report
Answer: A,C,E,F
Explanation:
Reference:
NEW QUESTION # 18
You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?
- A. Transfer transactions from Receiving to Costing.
- B. Create Accounting.
- C. Transfer costs to Cost Management.
- D. Execute the Preprocessor.
- E. Activate its journal entry rule set assignments.
Answer: E
Explanation:
Reference:
NEW QUESTION # 19
Which two steps need to be completed to estimate landed costs?
- A. Transfer transactions from the Inventory to the Costing process.
- B. Prepare the Material Purchase Order Data process.
- C. Transfer transactions from the Payables to the Costing process.
- D. Update standard costs.
- E. Allocate charges
Answer: B,E
Explanation:
Reference:
NEW QUESTION # 20
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions with the lowest production priority
- B. Work definitions with specific unit numbers
- C. Work definitions without alternates
- D. Work definitions with the highest costing priority
- E. Work definitions with the highest production priority
Answer: D,E
Explanation:
Reference:
NEW QUESTION # 21
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Accrual Clearing Report
- B. Accrual Reconciliation Report
- C. Receipt Accounting Real Time Report
- D. Accrual Supplier Liability Report
- E. Uninvoiced Receipt Accrual Report
Answer: B
Explanation:
Reference:
https://docs.oracle.com/cloud/farel12/scmcs_gs/FAPMA/FAPMA2269725.htm#FAPMA2269725
NEW QUESTION # 22
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You can control which definitions are visible to different cost organizations
- B. You can streamline your setup effort.
- C. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- D. You can share definitions across multiple cost organizations.
- E. You don't have to create any definitions for cost books.
- F. You have the option to share setup data across all cost organizations using the common set.
Answer: B,C,D,F
Explanation:
Reference:
NEW QUESTION # 23
Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?
- A. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
- B. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
- C. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
- D. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
- E. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
Answer: D
Explanation:
Reference:
NEW QUESTION # 24
Which four steps need to be completed to establish standard costs for a make item?
- A. Export item costs
- B. Add standard costs to a cost scenario
- C. Run preprocessor
- D. Publish costs
- E. Create a new cost scenario
- F. Complete cost roll-up
Answer: B,D,E,F
Explanation:
Reference:
NEW QUESTION # 25
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their audit receipt accrual clearing balances.
- B. Review their Receipt Accounting processes that show whether any processes failed and why.
- C. Review their accrual balances and clear them.
- D. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- E. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
Answer: C,E
Explanation:
Reference:
NEW QUESTION # 26
Identify four characteristics of a cost element.
- A. It is the granularity at which costs are tracked and accounted.
- B. It uses date effectivity.
- C. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- D. Users can define any number of cost elements.
- E. It is user-defined.
- F. The mapping of cost components into cost elements is user-defined.
Answer: B,C,E,F
Explanation:
Reference:
NEW QUESTION # 27
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. Every accounting method should have a COA.
- B. When using account combination rules
- C. When using ledgers that have unique accounting requirements
- D. When account combination rules use constants
- E. When using segment rules
Answer: A,E
Explanation:
Reference:
NEW QUESTION # 28
......
Most Reliable Oracle 1Z0-1074-26 Training Materials: https://exams4sure.pass4sures.top/Oracle-Cloud/1Z0-1074-26-testking-braindumps.html