1z0-1074-22 Exam Training Practice Tests (Oracle Cost Management Cloud 2022 Implementation Professional)]

Question 1

Universal Containers wants their Technicians to be allowed to reschedule a visit for the same work within the Field Service mobile application. What approach should a Consultant recommend?

A. Create a Visualforce page that will create a new Service Appointment record. B. Create a Visualforce page that will create a new Work Order record. C. Create a Quick Action that will create a new Service Appointment record. D. Create a Quick Action that will create a new Work Order record.

Correct Answer: C

Question 2

Which three tasks can becompleted in the Receipt Accounting work area?

A. Create Accounting B. Review Item Costs C. Manage Accrual Clearing Rules D. Create Receipt Accounting Distributions E. Review Cost Accounting Distributions F. Review and Approve Item Cost Profiles

Correct Answer: C,D,E

Question 3

Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A. Purchasing B. Shipping C. Financial Orchestration D. Inventory E. Order Management

Correct Answer: C

Question 4

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 accrual balances and clear them. B. Review their audit receipt accrual clearing balances. C. Review their Receipt Accounting processes that show whether any processesfailed and why. D. 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. E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

Correct Answer: A,D

Question 5

You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allowsyou to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail* Transfer to General Ledger = No * Post in General Ledger = No B. Run the Transfer Transactions from Inventory to Costing process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger= No C. Run the Create Accounting for Costing process with the following parameters: * Accounting Mode = Final* Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No D. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Draft * Report Style = Detail * Transfer to General Ledger = No * Post in General Ledger = No E. Run the Create Cost Accounting Distribution process with the following parameters: * Accounting Mode = Final * Report Style = No report* Transfer to General Ledger = No* Post in General Ledger = No

Correct Answer: A

Question 6

Universal Containers wants to help their dispatchers determine the length of time a Work Order should last. What should the Consultant implement to help achieve this goal?

A. Work Types with an Estimated Duration. B. Work Types with Service Level Agreement. C. Operating Hours for Customer Accounts. D. Work Orders with Operating Hours.

Correct Answer: A

Question 7

Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?

A. Change the number of maximum open periods in Manage Cost Organization Relationships B. Perform cost account validations for August in Manage Cost Accounting Periods C. Close the August period; you can never have two open periods at the same time. D. Run the Transfer Transactions to Costing process.

Correct Answer: D

Oracle Cost Management Cloud 2022 Implementation Professional - 1z0-1074-22 Exam Practice Test