Oracle 1z0-987 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-987
Exam Name/Title: Oracle Cost Management Cloud 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cost Management Cloud

Exam Questions: 70
Updated On: Jul 10, 2026

Question #1

Identify two reference types used to tie a receipt trade operation to an expense invoice for landing

A. Expense invoice number

B. Internal requisition number

C. Shipment number

D. Bill of Lading

E. Receipt number

Discussion 0

Correct Answer: B,C Vote an answer

Question #2

You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A. It is only used when you do not need to maintain an arm's length relationship.

B. It can help you understand true margins and value added by internal business units through the internal supply chain.

C. It can help you with consolidated financial reporting.

D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.

E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.

Discussion 0

Correct Answer: C,D,E Vote an answer

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. Material Receipts

B. Routes

C. Reference Types

D. Charge Names

E. Trade Operation Template

Discussion 0

Correct Answer: A Vote an answer

Question #4

Which three cost planning tasks can be performed in the Cost Accounting work area?

A. Manage Cost Accounting Periods

B. Review Work Order Costs

C. Estimating Standard Costs for Assemblies

D. Manage Resource Rates

E. Analyzing and Comparing Costs

F. Review Item Costs

Discussion 0

Correct Answer: B,C,D Vote an answer

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Question #5

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. Run the "Activate Accounting Methods" process.

B. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.

C. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.

D. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task

E. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.

Discussion 0

Correct Answer: B,C Vote an answer

Question #6

You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?

A. Change inventory items to accrue at period end.

B. Change the Purchasing Line types to 4-way match.

C. Change the Purchasing Line types to 3-way match.

D. Change expense items to accrue at period end.

E. Change the Receipt Close tolerance so it is 100 percent.

Discussion 0

Correct Answer: B,C Vote an answer

Question #7

Identify three Landed Cost Management tasks.

A. Review Journal Entries

B. Perform Allocations

C. Create Accounting

D. View Rolled Up Costs

E. Manage Cost Scenarios

F. Capture Charges

Discussion 0

Correct Answer: B,C,F Vote an answer

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