Free 1z1-987 Questions for Oracle Cost Management Cloud 2017 Implementation Essentials 1z1-987 Exam as PDF & Practice Test Engine

Exam Code/Number: 1z1-987
Exam Name/Title: Oracle Cost Management Cloud 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cost Management Cloud

Exam Questions: 70
Updated On: Jun 02, 2026

Question #1

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

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

B. After all conditions are tested, the final resulting value is used.

C. When the condition is met, the rule associated with that priority is used.

D. Use parenthesis to control the order of the condition evaluation.

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

Discussion 0

Correct Answer: A,C Vote an answer

Question #2

How is the standard cost of a manufactured configured item calculated?

A. It is based on the material and resource requirements of a released work order.

B. It is based on the actual cost of the work order after it is completed.

C. The standard cost of a model item is calculated.

D. The standard cost is calculated for every possible combination of options under a model

Discussion 0

Correct Answer: C Vote an answer

Question #3

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

A. Manage Accrual Clearing Rules

B. Review and Approve Item Cost Profiles

C. Create Accounting

D. Review Cost Accounting Distributions

E. Review Item Costs

F. Create Receipt Accounting Distributions

Discussion 0

Correct Answer: A,D,F Vote an answer

Question #4

Your client needs to import the relevant transactions and tax determinants for their expense items into Receipt Accounting. What is the correct sequence of processes to accomplish this?

A. Transfer Costs to Cost Management, Transfer Transactions from Receiving to Costing

B. Transfer Transactions from Inventory to Costing, Transfer Costs to Cost Management

C. Transfer Costs to Cost Management, Transfer Transactions from Inventory to Costing

D. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

E. Transfer Transactions from Receiving to Costing, Transfer Costs to Cost Management

F. Transfer Transactions from Receiving to Costing, Transfer Transactions from Inventory to Costing

Discussion 0

Correct Answer: E Vote an answer

Question #5

Which three features are included in Receipt Accounting?

A. Create Receipt Accounting Distribution

B. Analyze Standard Purchase Cost Variances

C. Review Journal Entries

D. Adjust Receipt Accrual Clearing Balances

E. Review Item Costs

Discussion 0

Correct Answer: A,C,D Vote an answer

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Question #6

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. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.

B. Purchase order information should not be imported into Receipt Accounting.

C. Purchase order information is automatically sent to Receipt Accounting using a real-time method

D. This process can only be scheduled and run from the Receipt Accounting work area

E. You do not have the role to import purchase order information into Receipt Accounting.

Discussion 0

Correct Answer: C Vote an answer

Question #7

Select the two valid relationships between subledger components.

A. The accounting method groups journal entry rule sets by Event Class and Event Type.

B. Journal entry rule sets hold journal rules and accounting rules.

C. Journal entry rules are used to hold accounting rules.

D. The accounting method holds the accounting rules by Event Class and Event Type.

E. The journal lines hold the journal entry rule sets.

Discussion 0

Correct Answer: B,C Vote an answer

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Free 1z1-987 Questions for Oracle Cost Management Cloud 2017 Implementation Essentials 1z1-987 Exam as PDF & Practice Test Engine

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