Exam : 1z0-1024

Title : Oracle Cost Management

Cloud 2018
Implementation Essentials

Vendor : Oracle

Version : DEMO
NO.1 Trade events for physical shipments are interfaced into the Cost Accounting subledger
from which module?
A. Purchasing
B. Order Management
C. Shipping
D. Financial Orchestration
E. Inventory
Answer: D

NO.2 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. Subledger Accounting is already set up to process it.
B. Turn on the Subledger Gain or Loss Option.
C. Create a secondary ledger to track gain/loss.
D. Create a foreign reporting currency to track gain/loss.
Answer: D

NO.3 You have finished creating your sub ledger journal entry rule sets and see that they are still
in the incomplete status. Which two steps will ensure that the journal entries are generated?
A. Run the "Activate Accounting Methods" process.
B. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
C. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
D. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set
task
E. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
Answer: B,E

NO.4 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 Transactions from Receiving to Costing, Transfer Transactions from Inventory to
Costing
B. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management
C. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing
D. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to
Costing
E. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management
F. Transfer Costs to Cost Management, Transfer Transactions from Inventory to
Costing Answer: B

NO.5 There are freight charges on an invoice. Which two setups are required to get
create accounting to enter a separate accounting line for it?
A. Create a condition for a journal line for freight.
B. Sub ledger accounting is set up to accomplish this out-of-the-box.
C. Account Class must be set to Freight.
D. Line Type must be set to Freight.
Answer: A,B

NO.6 At what level can you define item cost profiles?

A. Item cost profiles are defined within an inventory organization. There can be only one
cost method for an inventory organization.
B. Cost profiles are ultimately defined at the item level. Different items within the same
inventory organization can use different cost profiles.
C. Different items within an inventory organization can use different cost profiles, but items within
an item category must all use the same cost profile because that is the level at which the default cost
profile is defined.
D. Item cost profiles are defined at the cost organization level. All items within a cost
organization must use the same cost profile.
Answer: A