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Oracle 1z1-987 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2017 Implementation Essentials |
| Exam Number: | 1Z0-987 |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Real Exam Qty: | 70 |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Cost Management Cloud 2019 Implementation Essentials (1Z0-1074) Oracle Cost Management Cloud 2022/2024 Implementation Professional (1Z0-1074-22 / 1Z0-1074-24) |
| Sample Questions: |  |
| Exam Way: | Computer-based testing at Pearson VUE or Oracle MyLearn platform |
| Official Syllabus URL: | https://education.oracle.com/exam_test |
Oracle 1z1-987 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Introduction to Cost Management Cloud | - Integration with other Oracle Cloud SCM modules - Purpose and scope of Cost Management |
| Receipt Accounting | - Accrue at receipt vs period end processing - Receipt Accounting work area - Manage receipt related accounting tasks |
| Cost Accounting Concepts | - Configure costing methods (standard, actual, perpetual) - Cost Organization and Cost Books setup - Cost Accounting work area |
| Landed Cost Management | - Configure Landed Cost reference types - Manage routes and charge names |
| Subledger Accounting Integration | - Configure accounting methods and rules - Journal line and entry rule sets |
| Standard Costs and Cost Scenarios | - Roll up and publish standard costs - Create and manage cost scenarios - Analyze and resolve cost variances |
Getting Back on Track for the Oracle Cost Management Cloud 2017 Implementation Essentials Exam
You can confirm the current eligibility requirements on the official 1z1-987 exam page before you register.
The Oracle Cost Management Cloud 2017 Implementation Essentials exam contains 70 questions, and you will have 120 minutes minutes to complete them. Practicing under the same time pressure is one of the most effective ways to prepare for a retake.
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The Oracle Cost Management Cloud 2017 Implementation Essentials practice questions are organized around the official exam objectives. Key topics include:
- Cost Accounting Concepts ()
- Landed Cost Management ()
- Subledger Accounting Integration ()
Studying topic by topic helps you find the weak areas that cost you points last time.
This package includes 70 practice questions for the Oracle Cost Management Cloud 2017 Implementation Essentials exam, with verified answers reviewed by an experienced team of IT experts and certified professionals.
Oracle Cost Management Cloud 2017 Implementation Essentials Sample Questions:
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When using segment rules
- B. When using ledgers that have unique accounting requirements
- C. Every accounting method should have a COA.
- D. When account combination rules use constants
- E. When using account combination rules
Correct Answer: A,C 🗳️
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. The Work Definition is incomplete.
- B. The item has no on-hand inventory.
- C. The assembly item is marked as Perpetual Average costed.
- D. Outstanding purchase orders have not been received.
- E. Burdens have not been established for the item
Correct Answer: A,D 🗳️
Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. The quantity is tracked in inventory but not as an asset until there is an ownership event
- B. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
- C. The liability for a consigned item occurs when there is an ownership event.
- D. There is no difference between owned inventory and consigned inventory.
- E. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
- F. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
Correct Answer: B,C,D,F 🗳️
When running the Transfer Costs to Cost Management process, where will the primary default source for costs come from and what is the effect?
- A. Receipt costs; costs include adjustments.
- B. Requisition costs; validated costs can be used.
- C. Purchase order costs; item catalog costs can be used.
- D. Payables invoices; invoice price variance can be added to item cost.
- E. Receivables invoices; actual cost can be used.
Correct Answer: E 🗳️
Which three features are included in Receipt Accounting?
- A. Adjust Receipt Accrual Clearing Balances
- B. Review Item Costs
- C. Review Journal Entries
- D. Analyze Standard Purchase Cost Variances
- E. Create Receipt Accounting Distribution
Correct Answer: A,C,E 🗳️
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