Online 1D0-1074-25-D Practice Test

Question 1

Which two rules determine whether a condition has been met for accounting rules?

Options :

A : When the condition is met, the rule associated with thatpriority is used.

B : Priorities determine the order in which accounting rule conditions are examined.

C : The conditions are evaluated in the sequence they are defined in the accounting rule.

D : After all conditions are tested, the final resulting value isused.

E : Use parenthesis to control the order of the condition evaluation.

Answer: A,B

Question 2

Which three features are included in Receipt Accounting?

Options :

A : Analyze Standard Purchase Cost Variances

B : Create ReceiptAccounting Distribution

C : Review Item Costs

D : Adjust Receipt Accrual Clearing Balances

E : Review Journal Entries

Answer: B,E

Question 3

A chart of accounts (COA) must be specified on the accounting method for which two situations?

Options :

A : When using ledgers that have unique accounting requirements

B : When using account combination rules

C : When account combination rules use constants

D : Every accounting method should have a COA.

E : When usingsegment rules

Answer: B,E

Question 4

Your customer wants to run a report to review account balances for bothinventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

Options :

A :

Inventory Account Balances Report

B COGS Account Balances Report

B : Revenue and COGS Matching Report

C : Costing Balances Report

D : Inventory Valuation Report

Answer: A,C

Question 5

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new

year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One

work definition has an October l, 2015effective date. A second work definition has a December 1, 2015

effective date. A third work definition has a January 2, 2016 effective date.

How will the application select the work definition?

Options :

A : It will use the work definition with the January 2, 2016effective date.

B :

Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

C : It must always use the work definition with the October 1, 2015 effective date.

D :

You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

Answer: B

EXPERTY DESIGNED 1D0-1074-25-D PRACTICE TEST