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 #8

Identify two purposes of Sub ledger Accounting.

A. to maintain backward compatibility

B. to calculate costs for transactions

C. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger

D. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level

E. to centralize accounting string generation across all modules

Discussion 0

Correct Answer: B,C Vote an answer

Question #9

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

A. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions

B. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions

C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status

D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions

E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status

Discussion 0

Correct Answer: B Vote an answer

Question #10

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

A. Work definitions with the highest production priority

B. Work definitions with the highest costing priority

C. Work definitions with the lowest production cost

D. Work definitions without alternates

E. Work definitions with specific unit numbers

Discussion 0

Correct Answer: C,E Vote an answer

Question #11

Identify four reasons to use the set ID when defining Cost Accounting setups.

A. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.

B. You have the option to share setup data across all cost organizations using the common set.

C. You can share definitions across multiple cost organizations.

D. You don't have to create any definitions for cost books.

E. You can control which definitions are visible to different cost organizations

F. You can streamline your setup effort.

Discussion 0

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

Question #12

Select the two valid relationships between subledger components.

A. The accounting method holds the accounting rules 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 groups journal entry rule sets 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

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #13

Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual

B. Event Class: Expense Accrual Event Type: Expense Accrual

C. Event Class: Expense Accrual Event Type: Period End Accrual

D. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual

E. Event Class: Period End Accrual Event Type: Period End Accrual

Discussion 0

Correct Answer: A Vote an answer

Question #14

In which two scenarios would you define account rules based on value sets?

A. When a chart of accounts is assigned to the value set definition

B. In the absence of a chart of accounts on the accounting method

C. When there is a mapping set to convert the accounts

D. If a segment shares the same value set across multiple chart of accounts

E. When a secondary ledger has a different COA

Discussion 0

Correct Answer: C,D Vote an answer

Download Free Oracle 1z0-987 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1z0-987 exam.