1Z0-1073-20 Online Practice Questions and Answers

Which three statements about the main areas of Managerial Accounting are correct? (Choose three.)

A. Landed Cost Management gives organizations financial visibility into their extended supply chain costs.

B. Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.

C. Receipt Accounting is the application that performs the accrual accounting for all types of receipts.

D. Cost method can be defined granularity down to individual items.

A shipment has not yet been created for a pick that you are running. How is the due date calculated?

A. system date

B. request date from the order line

C. schedule ship date from the order line

D. earliest acceptable date from the order line

E. promise date from the order line

Which action invokes supply chain orchestration and transfer of data to supply chain orchestration interface tables?

A. creating Purchase Order Receipt

B. running a scheduled process called "Create Transactions"

C. running Min-Max Planning

D. creating a new Inventory Organization for execution of supply chain orchestration

Your client has just set up their chart of accounts. They are now designing the organization hierarchy in

the system.

Which three structures should the customer use to do this?

A. Warehouse, Subinventory, and Locators

B. Divisions, Business Units, and Departments

C. Cost type, Default Cost Structure, and Item Organization

D. Cost Centers, Organizations, and Locations

You face a supply request exception due to some reason. You realize that you need to make some

changes to the Manage Supply Request Exceptions page.

Which action will you perform?

A. Update the supply request and submit it. The errors will be resolved automatically.

B. The supply request can be updated using a third-party application only.

C. Update the supply request and make sure errors are resolved before resubmitting it.

D. The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request.

Which two options constitute the rights and responsibilities of a Legal Entity? (Choose two.)

A. Own property

B. Facilitate resource allocation

C. Manage warehouses

D. Account for themselves to regulators, taxation authorities, and owners according to rules specified in the relevant legislation

E. Create opportunities for new business

What are the two scenarios that allow you to update the lot control option for an item? (Choose two.)

A. Item has zero on-hand quantity.

B. No open internal order exists for the item.

C. No open sales order exists for the item.

D. Item material status is Active.

As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The

customer wants you to define an Inventory Organization that is associated with all the business units and

not just one particular business unit.

How do you achieve this?

A. It is not possible to define an Inventory Organization that is associated with more than one business unit.

B. Define the Inventory Organization without associating it with any location.

C. Leave the Management Business Unit field blank in the Inventory Organization definition.

D. Leave the Profit Center Business Unit field blank in the Inventory Organization definition.

Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

A. Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.

B. Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.

C. Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.

D. If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.

E. If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction "Transfer Order Issue".

Your customer has a complex financial reporting structure. Which three elements should you define first in order to form a basis for this reporting?

A. Managerial, Operational, and Industry

B. Legal, Autonomy, and Operational

C. Tax, Legal, and Industry

D. Legal, Managerial, and Functional