1Z0-1074-21 practice question 10 of 10

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a…

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date. How will the application select the work definition?

Answer options

A: It will use the work definition with the January 2, 2016 effective date.

B: Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date. Correct answer

C: It must always use the work definition with the October 1, 2015 effective date.

D: You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.

Correct Answer:

B. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.

Explanation

The cost planning scenario will select a work definition that is effective on the scenario's effective date (January 1, 2016). In this case, the work definitions with effective dates of October 1, 2015, and December 1, 2015, are both valid candidates. The work definition dated January 2, 2016, is not yet effective. The application uses selection criteria to choose between the valid options. By default, it selects the work definition with the latest effective start date that is on or before the scenario effective date, which would be the December 1, 2015 version.

Why Incorrect

A. It will use the work definition with the January 2, 2016 effective date: This work definition is not effective as of the cost scenario's effective date of January 1, 2016.
C. It must always use the work definition with the October 1, 2015 effective date: The work definition with the December 1, 2015 effective date is more current and also valid.
D. You will receive an error because the application will detect that all three are plausible...: The application has a defined logic to select the most current valid work definition; it will not error out. Also, only two are plausible.

References

1. Oracle Fusion Cloud SCM

Using Cost Management

Release 23D

Chapter 6: Cost Planning

Section: "How Work Definitions are Processed in a Cost Scenario". The documentation specifies: "The cost scenario uses the work definition that's effective on the scenario effective date. If there are multiple work definitions that are effective on that date

the cost scenario uses the one with the latest effective start date."

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