1z0-1077-24 Free Practice Test

Which three statements about Managerial Accounting are correct?

1. A. Cost method can be defined granularity down to individual items.
2. B. A cost organization does not require a primary cost book associated with the primary ledger.
3. C. Supply Chain Orchestration automatically selects the correct process based on user- defined subleadger accounting rules when a supply creation is initiated.
4. D. Landed Cost Management gives organizations financial visibility into their extended supply chain costs.
5. E. Receipt Accounting is the application that performs the accrual accounting for all types of receipts.

Correct Answer: ACD
✑ A is correct because cost method is the way of valuing inventory and cost of goods sold. Cost method can be defined at different levels of granularity, such as item category, item, or lot.This allows for more flexibility and accuracy in cost accounting1
✑ B is incorrect because a cost organization must have a primary cost book associated with the primary ledger. A cost book is a set of cost accounting policies and valuation structures that determine how inventory transactions are accounted for.A cost organization can have multiple cost books, but one of them must be primary2
✑ C is correct because Supply Chain Orchestration is the application that coordinates and executes the fulfillment of sales orders across multiple sources and systems. Supply Chain Orchestration automatically selects the appropriate orchestration process based on user-defined subledger accounting rules when asupply creation is initiated.Subledger accounting rules define how transactions are accounted for in the general ledger3
✑ D is correct because Landed Cost Management is the application that enables organizations to capture, track, and allocate the actual costs associated with acquiring items from suppliers. Landed cost includes not only the purchase price, but also other charges such as freight, insurance, taxes, and duties. Landed Cost Management gives organizations financial visibility into their extended supply chain costs and helps them optimize their sourcing and pricing decisions.
✑ E is incorrect because Receipt Accounting is not the application that performs the accrual accounting for all types of receipts. Receipt Accounting is the application that performs the accrual accounting for purchase order receipts, return to supplier transactions, and inventory adjustments. Other types of receipts, such as sales order receipts, are accounted for by other applications, such as Receivables.
References:
1: Cost Methods2: Cost Organizations and Cost Books3: Supply Chain Orchestration : Landed Cost Management : Receipt Accounting

You are creating a sales order and would like to see the sales order as a document. From the actions drop down menu what should you select?

1. A. Create Document.
2. B. Order documents are not supported.
3. C. Create PDF (Portable Document Format).
4. D. Edit Additional Information.
5. E. Manage Attachments.

Correct Answer: A

Which two activities can you perform by using Global Order Promising??s stand-alone work area? (Choose two.)

1. A. You can split quantities against a Sales Order Line to perform what-if simulations and evaluate better ways of promising an order.
2. B. You can re-schedule order lines that are already scheduled.
3. C. You can initiate back-to-back orders to expedite fulfillment of lines with a delayed schedule ship date.
4. D. You can simulate the Capable-to-Promise option in place of the Available-to-Promise option for quicker fulfillment.

Correct Answer: AB

Which process requires the Release Planning recommendation process to be executed manually so that a supply order gets created?

1. A. Manual orders using File Based Data Load
2. B. Min-Max planning replenishing a transfer order
3. C. Back-to-Back Order
4. D. Drop Ship Order
5. E. Min-Max planning replenishing a purchase request

Correct Answer: C
http://docs.oracle.com/cloud/latest/scmcs_gs/FASCP/FASCP2577133.htm#FASCP257713 7

Your company is using Order Management Cloud to capture orders, and has integrated with a legacy inventory application for order fulfillment. A fulfillment request needs to be aggregated and sent to an external inventory application.
What step would you perform to aggregate the request?

1. A. Create a new custom task by using the Shipment Task Layer.
2. B. Create a new custom task by using the Fulfillment Task Layer.
3. C. Create a new custom task by using the Supply Task Layer.
4. D. Configure a fulfillment task routing rule with aggregation criteria based on time limit or total number of lines.

Correct Answer: D
https://docs.oracle.com/cd/E56614_01/scmop_gs/FAOFO/F1171442AN11B74.htm