1z0-1074-23 Exam Dumps - Oracle Cost Management Cloud 2023 Implementation Professional

Analyze Standard Purchase Cost Variances

Create Receipt Accounting Distribution

Review Item Costs

Adjust Receipt Accrual Clearing Balances

Review Journal Entries

You can share definitions across multiple cost organizations.

You can control which definitions are visible to different cost organizations

You can streamline your setup effort.

You have the option to share setup data across all cost organizations using the common set.

You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

You don't have to create any definitions for cost books.

Export item costs

Run preprocessor

Complete cost roll-up

Publish costs

Create a new cost scenario

Add standard costs to a cost scenario

Open

Closed

Permanently Closed

Never Opened

Close Pending

The accounting method must have a mapping set to convert the accounts.

Accounting rules cannot override the accounting method.

The accounting method can be assigned to any ledger.

Any secondary ledger that uses the method cannot have a COA.

The accounting method may only be used by ledgers without a COA.

It can help you understand true margins and value added by internal business units through the internal supply chain.

It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.

It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.

It can help you with consolidated financial reporting.

It is only used when you do not need to maintain an arm’s length relationship.

Users can define any number of cost elements.

It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.

It is the granularity at which costs are tracked and accounted.

It is user-defined.

The mapping of cost components into cost elements is user-defined.

It uses date effectivity.

Copy and rename predefined subledger journal entry rule sets before modifying them.

Use a different journal entry rule set for each ledger with a different accounting convention.

The subledger journal entry rule set does not need the same accounting event class as the accounting method.

Journal entry rule sets do not require accounting rules.

The subledger journal entry rule set does not need the same accounting event type as the accounting method.

Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

There is no difference between owned inventory and consigned inventory.

The liability for a consigned item occurs when there is an ownership event.

A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

The quantity is tracked in inventory but not as an asset until there is an ownership event

Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Rule sets assigned to a secondary ledger with a different COA

Rule sets that have a mapping set to convert the accounts

Rule sets not associated with any chart of accounts

Rule sets where the accounting rules override the method rule set

Rule sets that use the same chart of accounts

Management Cost Accounting Periods

Analyzing and Comparing Costs

Review Work Order Costs

Estimating Standard Costs for Assemblies

Manage Resource Rates

Review Item Costs

Transfer to Sub ledger Accounting.

Transfer transactions from payables.

Transfer transactions from receiving.

Create distributions.

Assign accruals to purchase order transactions.

Manage the Item Cost task.

Import standard costs from receipt layers.

Manage the Standard Cost task.

Create Standard Cost in a spreadsheet.

Refer to the Accounting Event Diagnostic report.

Review errors in the Create Accounting Execution log.

Review errors in the Create Accounting Execution report.

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

Refer to the Accounting Event Diagnostic Log.

Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

Receipt Accounting

Cost Accounting

Landed Cost Management

Inventory Management

Product Model

It only affects whether or not you can process a cost adjustment.

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.

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.

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.

The accounting method holds the accounting rules by Event Class and Event Type.

The journal lines hold the journal entry rule sets.

The accounting method groups journal entry rule sets by Event Class and Event Type.

Journal entry rules are used to hold accounting rules.

Journal entry rule sets hold journal rules and accounting rules.

The item has no on-hand inventory.

The assembly item is marked as Perpetual Average costed.

Outstanding purchase orders have not been received.

The Work Definition is incomplete.

Burdens have not been established for the item