Oracle 1z1-987 : Oracle Cost Management Cloud 2017 Implementation Essentials

Select two ways to define the standard cost for an item from the Cost Accounting work

• A. Create Standard Cost in a spreadsheet.
• B. Manage the Standard Cost task.
• C. Manage the Item Cost task.
• D. Import standard costs from receipt layers.

Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

• A. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
• B. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
• C. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
• D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
• E. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

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. Sub ledger accounting is set up to accomplish this out-of-the-box.
• B. Account Class must be set to Freight.
• C. Create a condition for a journal line for freight.
• D. Line Type must be set to Freight.

Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?

• A. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
• B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
• C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
• D. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
• E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to Period End.
• F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
  > Set Accrue Expense Items to At Receipt.

Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

• A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
• B. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
• C. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
• D. They must create their valuation units manually.