1z0-1074-22 Oracle Cost Management Cloud 2022 Implementation Professional Questions and Answers

Run the Transactions from Procurement to Costing process.

Run the Transfer Costs from Payables to Cost Management process.

Run the Create Accounting process.

Run the Clear Receipt Accrual Balances process.

Run the Transactions from Receiving to Costing process.

Review their audit receipt accrual clearing balances.

Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.

Review their accrual balances and clear them.

Review their Receipt Accounting processes that show whether any processesfailed and why.

Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

Analyze Standard Purchase Cost Variances

Create ReceiptAccounting Distribution

Review Item Costs

Adjust Receipt Accrual Clearing Balances

Review Journal Entries

Orders

Cost Scenario

Charge Name

Routes

Trade Operation

Run the Create Accounting for Costing process with the following parameters: • Accounting Mode = Draft • Report Style = Detail• Transfer to General Ledger = No • Post in General Ledger = No

Run the Transfer Transactions from Inventory to Costing process with the following parameters: • Accounting Mode = Draft • Report Style = Detail • Transfer to General Ledger = No • Post in General Ledger= No

Run the Create Cost Accounting Distribution process with the following parameters: • Accounting Mode = Draft • Report Style = Detail • Transfer to General Ledger = No • Post in General Ledger = No

Run the Create Cost Accounting Distribution process with the following parameters: • Accounting Mode = Final • Report Style = No report• Transfer to General Ledger = No• Post in General Ledger = No

Run the Create Accounting for Costing process with the following parameters: • Accounting Mode = Final• Report Style = No report• Transfer to General Ledger = No• Post in General Ledger = No

Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.

Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.

Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.

Manage the Item Cost task.

Import standard costs from receipt layers.

Manage the Standard Cost task.

Create Standard Cost in a spreadsheet.

Definethe route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.

Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs

Define the route in Functional Setup Manager andassociate with Manage Charge Invoice Associations in Landed Costs

Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.

Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs