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1Z0-987 - Oracle Cost Management Cloud 2017 Implementation Essentials - Dump Information

Vendor : Oracle
Exam Code : 1Z0-987
Exam Name : Oracle Cost Management Cloud 2017 Implementation Essentials
Questions and Answers : 70 Q & A
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Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1

  1. Copy and rename predefined subledger journal entry rule sets before modifying them.

  2. Use a different journal entry rule set for each ledger with a different accounting convention.

  3. The subledger journal entry rule set does not need the same accounting event class as the accounting method.

  4. Journal entry rule sets do not require accounting rules.

  5. The subledger journal entry rule set does not need the same accounting event type as the accounting method.

Answer: E


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

  1. Receipt Accounting

  2. Cost Accounting

  3. Landed Cost Management

  4. Inventory Management

  5. Product Model

Answer: D


You are establishing the cost for a make assembly. When we run Cost Rollup, it is not

rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly. Identify two reasons this happened.

  1. The item has no on-hand inventory.

  2. The assembly item is marked as Perpetual Average costed.

  3. Outstanding purchase orders have not been received.

  4. The Work Definition is incomplete.

  5. Burdens have not been established for the item

Answer: C, D


Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?

  1. Review their audit receipt accrual clearing balances.

  2. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.

  3. Review their accrual balances and clear them.

  4. Review their Receipt Accounting processes that show whether any processes failed and why.

  5. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.

Answer: B, C


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

  1. Work definitions without alternates

  2. Work definitions with specific unit numbers

  3. Work definitions with the highest production priority

  4. Work definitions with the lowest production cost

  5. Work definitions with the highest costing priority


Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

  1. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.

  2. They cannot change their current configuration; data generated by Quick Setup cannot be changed.

  3. They must create their valuation units manually.

  4. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.

Answer: B


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

  1. Review and Approve Item Cost Profiles

  2. Review Item Costs

  3. Create Receipt Accounting Distributions

  4. Review Cost Accounting Distributions

  5. Manage Accrual Clearing Rules

  6. Create Accounting

Answer: C, D, E


Identify four features provided by the Review Work Order Costs UI when displaying work order

  1. Scrap Costs

  2. Variable Costs

  3. Output Costs

  4. Incremental Costs

  5. Input Costs

Answer: B, C, E, F


Which four steps need to be completed to establish standard costs for a make item?

  1. Run preprocessor.

  2. Complete cost roll-up.

  3. Publish costs

  4. Export item costs.

  5. Add standard costs to a cost scenario.

  6. Create a new cost scenario.

Answer: A, B, C, D

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Black publication Market research As provider executives face compounding value-based possibility decisions, contemporary interest in ERP has climbed sharply in accordance with a contemporary Black booklet survey of 1,158 health equipment procurement and technology leaders in the fourth quarter of 2016. greater than a third (35 percent) of these corporations with applied ERP programs suggested having to defer protection and/or delayed enhancements over the last three years leaving many clinic ERPs practically obsolete. "important back-end utility that manages finance, supply chain and inventory management, buying, payroll and coding have been brushed aside into a at a loss for words entanglement of diverse items that do not communicate and left executives with the inability to understand cost mark downs in coaching of value based care," pointed out Doug Brown, Managing associate of Black publication. "there was consumer opposition to deploying a brand new or upgraded ERP, perceived as carrying a excessive rate tag in a time when medical deployments overwhelmed clinic personnel and budgets." 57 % of the C-suite executives surveyed admitted not having a deep realizing of the have an impact on or complexity of their supply chain until the fact of value-based care set during this yr with the emphasis on accountability to effectively measure and examine clinical costs with consequences. "In a charge atmosphere that reimburses for price, it has turn into more important to take note precisely how a good deal it fees to deliver patient care," pointed out Brown. "Clumsy costing in response to uncoordinated records will become perilous for hospitals in danger." supplies accounted for 30.5 percent of the ordinary medical institution's annual operating funds in 2016 as suggested via survey respondents. discovering new strategies of understanding proper fees per case and per episode of care have providers returning to ERP equipment basics to movement confidently to a valued primarily based model. sixty nine % of IT leaders polled declare they're going to prioritize their supply chains in 2017 as among the many most positive asset for actionable information mining before overburdening their companies with inhabitants health and sophisticated analytics equipment. ERP seller market share become confined to handiest a handful of carriers prior to 2013, but the dramatic demand for cloud ERP and the volume of hospitals not using an ERP system has produced a spurt of latest ERP companies as older methods retool items or area closer to obsolescence. "because the trade emphases the identification and trap of all costs to investigate the precise can charge of care, the implementation of more moderen ERP applied sciences and superior costing strategies has modified administrator's strategic know-how plans," mentioned Brown. "patients can not receive excessive fine care without correct cohesion of provide chain, human materials, finance and operational methods with medical data because it all comes right down to outcomes." Cloud ERP solutions produced the highest client experience ratings for healthcare companies together with pace in implementations and scalable total costs according to Black book results. "92 % of survey respondents appreciate that the ERP of healthcare future is cell and it be within the cloud with secure networking and analytics built in," mentioned Brown. "The concept is that you've got well-known ledger, debts payable, budgeting, forecasting and cash management all obtainable any place, no matter if within the working room, deciding to buy, or in administration." The true Healthcare ERP rated providers for 2017 are so as of client adventure and product delight scoring are: Oracle/Oracle ERP Cloud Cerner/Siemens ERP Workday Microsoft Dynamics McKesson SAP IBM Watson Infor/Infor Cloud Suite also receiving client ballots have been MEDITECH, CPSI, Sage, Intacct, Harris Healthcare/Affinity, and MEDHOST. Cerner and Oracle also received the maximum customer loyalty and retention rankings from presently put in consumers. other key findings: 86 p.c of materials administration leaders outsourced provide chain services to scientific and surgical provide distributors. ninety three percent additionally state they do not endure from any enormous deliver chain issues akin to product start issues. ninety three p.c of substances managers state their groups endure from poor stock control technology and strategies that customarily come to be with overstocking, excessive provide and labor fees and pissed off nursing team of workers. in response to the 2016 Black e-book technology satisfaction survey of nurses, clinical personnel spends a normal of 34 % of their time on supply related tasks similar to locating items. seventy two p.c of current ERP users state that their ERP modules in area are too tricky to use. 15 p.c consider their latest ERP product should be out of date through 2019. eighty four percent of respondents report they presently can't segment patients in line with spending, complexity or materials to thoroughly price for 2017 value-based mostly initiatives. 88 p.c of CFOs responding with 2017 ERP replacements or buy goals see cloud solutions as the favored product for their firm. About Black publication Black ebook


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