1z1-987 by Oracle Valid Free Exam Practice Test

Question 1

You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?

A. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task B. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set. C. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process. D. Run the "Activate Accounting Methods" process. E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

Correct Answer: B,C

Question 2

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

A. Purchase order information is automatically sent to Receipt Accounting using a real-time method B. Purchase order information should not be imported into Receipt Accounting. C. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process. D. You do not have the role to import purchase order information into Receipt Accounting. E. This process can only be scheduled and run from the Receipt Accounting work area

Correct Answer: A

Question 3

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

A. Routes B. Charge Names C. Material Receipts D. Reference Types E. Trade Operation Template

Correct Answer: C

Question 4

At what level can you define item cost profiles?

A. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles. B. 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. C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile. D. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.

Correct Answer: D

Question 5

When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?

A. Create Data Access on the Accounts Payable role for the correct inventory organization. B. Create Data Access on the Cost Accountant role for the correct cost organization. C. Create Data Access on the Cost Accountant role for the correct inventory organization. D. Create Data Access on the Accounts Payable role for the correct cost organization.

Correct Answer: D

Question 6

If the accounting method does not have an assigned chart of accounts (COA), which option is valid?

A. The accounting method can be assigned to any ledger. B. Any secondary ledger that uses the method cannot have a COA. C. Accounting rules cannot override the accounting method. D. The accounting method may only be used by ledgers without a COA. E. The accounting method must have a mapping set to convert the accounts.

Correct Answer: D

Question 7

Which three tasks can be completed in the Receipt Accounting work area?

A. Review Item Costs B. Review and Approve Item Cost Profiles C. Manage Accrual Clearing Rules D. Review Cost Accounting Distributions E. Create Accounting F. Create Receipt Accounting Distributions

Correct Answer: C,D,F

Oracle Cost Management Cloud 2017 Implementation Essentials - 1z1-987 Exam Practice Test