Free 1Z0-1074-26 sample questions

Correct answer: No subledger accounting distributions are generated at the time of physical receipt; accrual occurs only during period-end accrual processing if uninvoiced.

When 'Accrue at Receipt' is set to No (typical for period-end expense purchases), physical receipt recording does not generate accounting distributions in Receipt Accounting. Instead, at the close of the financial accounting period, the 'Create Receipt Accruals - Period-End' process identifies uninvoiced receipts for these lines, calculates the accrual amount, and generates temporary accrual entries that automatically reverse on the first day of the subsequent period.

Correct answer: Execute the 'Adjust Accrual Balances' task or schedule the 'Match Receipts to Invoices and Clear Accruals' automated process using defined clearing rules.

To reconcile and close open accrual balances caused by quantity or price mismatches, Oracle Receipt Accounting provides the 'Adjust Accrual Balances' task and automated accrual clearing rules. Running this clears the residual balance from the accrual account to an accrual clearing adjustment expense account without artificially distorting inventory valuation.

Correct answers: The purchasing line type or purchasing options must be configured with 'Accrue at Receipt' disabled.; The period-end accrual process automatically creates reversing accounting distributions dated on the first day of the subsequent open financial period.

To use period-end accruals, the purchase order line must be configured such that 'Accrue at Receipt' is set to No, which is controlled by line type setup or default purchasing profiles.

Accounting entries generated by the 'Create Receipt Accruals - Period-End' process create an accrual at the period-end date and are automatically programmed to reverse on the first day of the next period to avoid double counting once supplier invoices arrive.

Correct answer: The original receipt distribution line encountered an error during initial accounting or was pending accrual reconciliation, causing downstream child RTV transactions to be held in interface exception tables until the parent distribution is corrected and accounted.

In Oracle Receipt Accounting, an RTV transaction acts as a direct reference child event to the original PO receipt distribution. If the parent receipt distribution contains accounting errors, unposted SLA exceptions, or pending currency conversions, the receipt accounting preprocessor cannot establish the reference unit cost, holding the RTV event in an unprocessed state until the root parent exception is resolved.

Correct answer: True

True. Estimated landed cost charges captured on a trade operation are allocated to purchase order receipts. When the goods receipt occurs, Receipt Accounting accrues the estimated landed cost charges into the Landed Cost Absorption account, allowing inventory valuation to reflect total acquisition costs prior to receiving the final third-party invoices.

Correct answer: Inspect the error message details in the View Accounting window for account derivation failures, resolve the missing SLA mapping set value or open GL period, and rerun 'Create Accounting'.

Receipt Accounting distributions fail with 'Error' during Create Accounting primarily due to SLA rule configuration issues (such as unmapped account segment values or closed General Ledger periods). Cost accountants should drill into the error message via 'View Accounting' or the Subledger Accounting Exceptions report, fix the root configuration or open the period, and resubmit Create Accounting.