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 #15

Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

A. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".

B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.

C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.

D. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to Period End.

E. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".

F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals > Set Accrue Expense Items to At Receipt.

Discussion 0

Correct Answer: B,F Vote an answer

Question #16

Identify two characteristics of a cost profile.

A. It is where you define your Cost Accounting policies.

B. It is where you define which cost method you want to use for the cost component to cost element mapping.

C. It is used for calculating the estimated cost of manufactured items under different scenarios.

D. It is used for Receipt Accounting.

Discussion 0

Correct Answer: A,D Vote an answer

Question #17

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A. Cost Accounting

B. Product Model

C. Receipt Accounting

D. Inventory Management

E. Landed Cost Management

Discussion 0

Correct Answer: D Vote an answer

Question #18

Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

A. Shipping

B. Order Management

C. Purchasing

D. Inventory

E. Financial Orchestration

Discussion 0

Correct Answer: E Vote an answer

Question #19

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

A. Costing Balances Report

B. Inventory Valuation Report

C. COGS Account Balances Report

D. Revenue and COGS Matching Report

E. Inventory Account Balances Report

Discussion 0

Correct Answer: E Vote an answer

Question #20

Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?

A. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.

B. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."

C. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.

D. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.

E. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.

Discussion 0

Correct Answer: B Vote an answer

Question #21

Identify the four types of cost adjustments.

A. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

B. Authorized users can manually create cost adjustments.

C. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

D. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchase order.

E. A standard cost update will create an inventory value adjustment.

F. A change to a requisition after the purchase order has been created will create a cost adjustment.

Discussion 0

Correct Answer: A,B,C,F Vote an answer

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