Oracle Exam 1Z0-1075-24 Topic 7 Question 20 Discussion

In Oracle Manufacturing Cloud and related financial applications, managerial accounting plays a significant role in tracking and managing costs across supply chain and manufacturing activities. The following is a breakdown of the correct statements:

Statement A: Receipt Accounting is the application that performs accrual accounting for all types of receipts -- Receipt Accounting is a crucial module in Oracle Cloud that supports the tracking of costs and performs accruals related to receipts. This includes processes such as procurement receipts, interorganization transfers, and supplier shipments. This allows organizations to recognize and account for the expenses associated with these receipts.

Statement B: Landed Cost Management gives organizations financial visibility into their extended supply chain costs -- Landed Cost Management is designed to capture additional costs that arise during the transportation, handling, and processing of goods. This includes costs like shipping, insurance, and customs duties. By including these in the overall cost, it provides a more comprehensive view of the actual costs of goods in the supply chain.

Statement D: Cost method can be defined with granularity down to individual items -- In Oracle Manufacturing Cloud, costing methods can be assigned not only at the organization level but also at a granular level down to individual items. This provides flexibility in defining different costing strategies for different products depending on their nature, manufacturing process, or market conditions.

Incorrect Statements:

Statement C: Supply Chain Orchestration automatically selects the correct process based on user-defined Subledger Accounting rules when a supply creation is initiated -- While Supply Chain Orchestration automates various supply chain processes, it does not select processes based on Subledger Accounting rules. The orchestration system is more focused on managing and coordinating supply chain processes rather than determining accounting rules.