Oracle Cost Management Cloud 2022 Implementation Professional (1z0-1074-22) Free Practice Test

Question 1

After all relevant transactions are in Receipt Accounting, which two tasks must be completed for these transactions to be transferred to the General Ledger?

A. Transfer transactions from receiving.

B. Transfer transactions from payables.

C. Assign accruals to purchase order transactions.

D. Transfer to Sub ledger Accounting.

E. Create distributions.

Correct Answer: E

Question 2

Universal Containers wants to process mobile payments. How can this requirement be met?

A. Create a custom payments object

B. Add a custom filed to store the credit card number

C. Attach a picture of the credit card

D. Install an AppExchange package.

Correct Answer: D

Question 3

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

A. It must always use the work definition with the October 1, 2015 effective date.

B. It will use the work definition with the January 2, 2016effective date.

C. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

D. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

Correct Answer: C

Question 4

universal containers have a call center that responds to requests from
customers and schedules time for field service engineers (FSEs) to perform work on assets owned by the client. Call center agents are responsible for booking appointments Which permission set license should be assigned to the call center agents?

A. FSL dispatcher license

B. FSL resource license

C. FSL agent license

D. FSL admin license

Correct Answer: C

Question 5

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

A. You do not have the role to import purchase order information into Receipt Accounting.

B. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

C. Purchase order information is automatically sent to Receipt Accounting using a real-time method

D. Purchase order information should not be imported into Receipt Accounting.

E. This process can only be scheduled and run from the Receipt Accounting work area

Correct Answer: C

Question 6

Identify three characteristics of cost component to cost element mapping.

A. You cannot modify, duplicate, or create user-defined costcomponents.

B. It is user-defined.

C. It is one of the attributes you define as part of your cost profile definitions.

D. You can only define one cost component to cost element mapping for an installation.

E. It lets you define how cost component level costs will map into cost elements.

Correct Answer: B,C,E

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Question 7

Which two rules determine whether a condition has been met for accounting rules?

A. Use parenthesis to control the order of the condition evaluation.

B. The conditions are evaluated in the sequence they are defined in the accounting rule.

C. When the condition is met, the rule associated with that priority is used.

D. After all conditions are tested, the final resulting value is used.

E. Priorities determine the order in which accounting rule conditions are examined.

Correct Answer: B,C

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Oracle Cost Management Cloud 2022 Implementation Professional (1z0-1074-22) Free Practice Test