Oracle 1Z0-1074-26 Certification Sample Questions and Answers

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Oracle 1Z0-1074-26 Sample Questions:

01. What governs which cost organizations and functions a costing user can access?
a) The standard cost scenario.
b) Security roles and data access.
c) The item's cost profile.
d) The landed-cost charge names and the landed-cost charge routes.
 
02. Why does Cost Management depend on inventory configuration such as cost organizations tied to inventory organizations?
a) Because inventory configuration allocates landed-cost charges.
b) Because inventory configuration sets the intercompany transfer price.
c) Costing runs for inventory orgs grouped under cost orgs.
d) Because inventory configuration derives the GL account rules and journal rules.
 
03. Costing is not producing distributions for a newly created inventory organization.
Which configuration prerequisite should be checked?
a) Whether the org is tied to a cost organization.
b) Whether a standard cost scenario was published for all items.
c) Whether an SCFO transfer price was defined.
d) Whether a landed-cost route exists.
 
04. Under perpetual average costing, a new receipt arrives at a different unit cost than the current on-hand.
What happens to the item's unit cost?
a) The unit cost stays at a fixed predefined standard and no variance arises.
b) The receipt is held as a separate untouched cost layer.
c) A new weighted average of on-hand and the receipt.
d) The unit cost is set by the SCFO transfer price.
 
05. Goods transferred internally at a marked-up transfer price remain in inventory at period end.
Which SCFO-related concept addresses the internal margin still held in that inventory?
a) Purchase price variance on the transfer.
b) A landed-cost estimate variance.
c) Intercompany profit in inventory.
d) An uninvoiced receipt accrual.
 
06. After a receipt is accrued and later invoiced, the accrual balance must be cleared.
How is this handled in Receipt Accounting?
a) The accrual is cleared by publishing landed-cost charges.
b) The accrual is cleared by rolling up and publishing standard costs.
c) The accrual is cleared by an SCFO ownership event.
d) The accrual clears as the invoice is matched.
 
07. How is a user's access to cost data (such as specific cost organizations/books) typically controlled?
a) Through the landed-cost charge name.
b) The user's security roles/data access.
c) Through the item's cost profile.
d) Through the SCFO transfer price.
 
08. Which application orchestrates transfer pricing and ownership changes for cross-entity supply flows?
a) Landed Cost Management.
b) Subledger Accounting.
c) Receipt Accounting.
d) Supply Chain Financial Orchestration.
 
09. During an internal transfer, ownership passes from the shipping entity to the receiving entity at the point defined in the flow.
What does SCFO do at that ownership-change event?
a) Publish new landed-cost charge names.
b) Recompute the item's standard cost.
c) Recognize the trade financially.
d) Run the period-end receipt accrual.
 
10. When inventory goods are received under accrue-at-receipt, an accrual liability is recorded.
At a durable level, what happens to the receipt accrual (clearing) account on receipt?
a) It is credited for the accrued liability.
b) It records the standard-cost variance.
c) It is debited to record cost of goods sold.
d) It records the intercompany transfer price.

Answers:

Question: 01

Answer: b

Question: 02

Answer: c

Question: 03

Answer: a

Question: 04

Answer: b

Question: 05

Answer: c

Question: 06

Answer: d

Question: 07

Answer: b

Question: 08

Answer: d

Question: 09

Answer: c

Question: 10

Answer: a

 

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