Oracle 1z0-1074-23 Dumps

In-transit

Retro-reprice

Adjustments

Overhead

Cost of Goods Sold

Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.

Add the subledger journal entry rule sets to the Manage Accounting Methods task.

Run the "Activate Subledger Journal Entry Rule Set Assignments" process.

Run the "Activate Accounting Methods" process.

Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.

When a chart of accounts is assigned to the value set definition

When a secondary ledger has a different COA

In the absence of a chart of accounts on the accounting method

When there is a mapping set to convert the accounts

If a segment shares the same value set across multiple chart of accounts

You cannot modify, duplicate, or create user-defined cost components.

You can only define one cost component to cost element mapping for an installation.

It is one of the attributes you define as part of your cost profile definitions.

It is user-defined.

It lets you define how cost component level costs will map into cost elements.

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 processes failed and why.

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

Perform cost account validations for August in Manage Cost Accounting Periods

Run the Transfer Transactions to Costing process.

Close the August period; you can never have two open periods at the same time.

Change the number of maximum open periods in Manage Cost Organization Relationships

The original account is stored on the journal line.

Suspense accounts cannot be used.

An alternate account will be used if provided.

An error will always occur.

The preprocessor will pre-warn about this error.

The accounting method must have a mapping set to convert the accounts.

Accounting rules cannot override the accounting method.

The accounting method can be assigned to any ledger.

Any secondary ledger that uses the method cannot have a COA.

The accounting method may only be used by ledgers without a COA.

Activate its journal entry rule set assignments.

Transfer costs to Cost Management.

Create Accounting.

Transfer transactions from Receiving to Costing.

Execute the Preprocessor.

Analyze Standard Purchase Cost Variances

Create Receipt Accounting Distribution

Review Item Costs

Adjust Receipt Accrual Clearing Balances

Review Journal Entries

Business Unit/Landed Cost Charge/Cost Organization

Item/Business Unit/Route

Item Category/Material Supplier/Landed Cost Charge

Inventory Organization/Landed Cost Charge/Third Party Supplier

Item Catalog/Inventory Organization/Business Unit

Orders

Cost Scenario

Charge Name

Routes

Trade Operation

It can help you understand true margins and value added by internal business units through the internal supply chain.

It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.

It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.

It can help you with consolidated financial reporting.

It is only used when you do not need to maintain an arm’s length relationship.

Costing Account Balances Report

In-transit Valuation Report

COGS and Revenue Matching Report

Work in Process Inventory Valuation Report

Layer Inventory Valuation Report

Cost Accounting Valuation Report

Inventory Valuation Report

Turn off merge matching lines in the journal line rule.

Turn off the summarize flag in the journal line rule.

Write a custom report.

Turn on detailed posting for GL in the ledger setup.

Extract distribution accounting entries.

Receipt Accounting- Receipt Accounting Distributions Real Time

Receipt Accounting-- Receipt Accounting Transactions Real Time

Costing –Receipt Accounting Real Time

Financials-Subledger Accounting-Detail Transactions

Costing-Cost Accounting Real Time

Create a foreign reporting currency to track gain/loss.

Create a secondary ledger to track gain/loss.

Turn on the Subledger Gain or Loss Option.

Subledger Accounting is already set up to process it.

Business Unit and Cost Organization

Inventory Organization and Legal Entity

Business Unit and Legal Entity

Business Unit and Inventory Organization

Legal Entity and Cost Organization

Inventory Organization and Cost Organization

A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

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.

A change to a requisition after the purchase order has been created will create a cost adjustment. D. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

A standard cost update will create an inventory value adjustment.

Authorized users can manually create cost adjustments.

Receipt Processor

Cost Distribution Processor

Cost Reports Processor

Cost of Goods Sold Processor

Cost Accounting Processor

Costing Period Processor

Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

There is no difference between owned inventory and consigned inventory.

The liability for a consigned item occurs when there is an ownership event.

A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.

The quantity is tracked in inventory but not as an asset until there is an ownership event

Consigned items can appear on inventory reports with information about the eventual value of the consigned item

Manage the Item Cost task.

Import standard costs from receipt layers.

Manage the Standard Cost task.

Create Standard Cost in a spreadsheet.