Oracle Cost Management Cloud 2023 Implementation Essentials : 1z0-1074-23

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

• A. Rule sets where the accounting rules override the method rule set
• B. Rule sets that use the same chart of accounts
• C. Rule sets assigned to a secondary ledger with a different COA
• D. Rule sets not associated with any chart of accounts
• E. Rule sets that have a mapping set to convert the accounts

Identify the four types of cost adjustments.

• A. A standard cost update will create an inventory value adjustment.
• B. Authorized users can manually create cost adjustments.
• C. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
• D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
• E. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
• F. A change to a requisition after the purchase order has been created will create a cost adjustment.

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.

Which statement is true regarding the cost cutoff date in Cost Accounting?

• A. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
• B. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
• C. It only affects whether or not you can process a cost adjustment.
• D. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

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