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Oracle 1Z0-987 Exam Oracle Cost Management Cloud 2017 Implementation Essentials Exam

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Version: 8.0 Question: 1 Select the two valid relationships between subledger components. A. The accounting method holds the accounting rules by Event Class and Event Type. B. The journal lines hold the journal entry rule sets. C. The accounting method groups journal entry rule sets by Event Class and Event Type. D. Journal entry rules are used to hold accounting rules. E. Journal entry rule sets hold journal rules and accounting rules.

Answer: DE Explanation: https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.htm

Question: 2 The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this? A. Material Receipts B. Charge Names C. Reference Types D. Routes E. Trade Operation Template

Answer: A Question: 3 If the Create Accounting process ends with errors or warnings, which three statements outline places you can go to get more detailed information about the specific errors and warnings? A. Query the transaction from Review Cost Accounting Distributions to see the error message. B. Review errors in the Create Accounting Execution report. C. Refer to the Accounting Event Diagnostic report. D. Refer to the Accounting Event Diagnostic log. https://www.dumps4success.com/1Z0-987.html


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E Review errors in the Create Accounting Execution log.

Answer: B Question: 4 Which two types of costs are included in the cost of contract manufactured items? A. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer B. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items C. The cost of resources consumed at the OEM's factory D. The cost of the contract manufacturing service Item. This is the price that the contract E. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.

Answer: AB Question: 5 Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units. Which two configurations will support this request? A. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No". B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End. C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End. D. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes". E. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt. F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Answer: CF Question: 6 Identify four characteristics of a cost element. A. Users can define any number of cost elements. B. It is the most granular level of cost captured by upstream systems such as procurement, accounts https://www.dumps4success.com/1Z0-987.html


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payable, and manufacturing. C. It is the granularity at which costs are tracked and accounted. D. It is user-defined. E. The mapping of cost components into cost elements is user-defined. F. It uses date effectivity.

Answer: BDEF Question: 7 You have configured the application as follows: • Expense items are set to accrue at receipt. • Receipt Close tolerance is set to 75 percent. • Purchasing Line types are set to 2-way match. When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default? A. Change expense items to accrue at period end. B. Change the Purchasing Line types to 4-way match. C. Change inventory items to accrue at period end. D. Change the Purchasing Line types to 3-way match. E. Change the Receipt Close tolerance so it is 100 percent.

Answer: BD Question: 8 Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated? A. Event Class: Expense Accrual Event Type: Expense Accrual B. Event Class: Period End Accrual Event Type: Period End Accrual C. Event Class: Expense Accrual Event Type: Period End Accrual D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

Answer: E

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