Oracle 1Z0-1163-1 Exam - Topic 1 Question 17 Discussion

Actual exam question for Oracle's 1Z0-1163-1 exam

Question #: 17
Topic #: 1

[All 1Z0-1163-1 Questions]

What is the primary function of Receipt Accounting in Oracle Fusion Cloud SCM?

AIt ensures supplier invoices are paid on time.

BIt validates contract terms for procurement.

CIt eliminates the need for cost accounting.

DIt records the receipt of goods and services, creating accounting entries for financial reporting.

Show Suggested Answer

Suggested Answer: D

Receipt Accounting (D) in Oracle Fusion Cloud SCM records the receipt of goods and services, generating accounting entries that reflect these transactions for financial reporting and cost tracking. When a shipment of 500 units arrives, Receipt Accounting logs the event, assigns costs (e.g., $5,000), and creates entries like 'Inventory Debit' and 'Accounts Payable Credit,' ensuring financial accuracy. Option A is incorrect---timely invoice payment is a downstream accounts payable process, not Receipt Accounting's role. Option B is false---contract validation occurs in procurement, not here. Option C is wrong---Receipt Accounting feeds into Cost Accounting, enhancing, not eliminating it. This function ensures compliance with accounting standards, provides visibility into goods received, and supports accurate financial statements, bridging physical and financial supply chain activities.

by Ligia at Jan 05, 2026, 05:16 AM

Limited Time Offer

25%

Off

Get Premium 1Z0-1163-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Pamella

3 days ago

Haha, I bet the other options were just thrown in there to trip people up. Receipt Accounting is the real MVP when it comes to keeping the finance team happy.

upvoted 0 times

...

Rhea

8 days ago

D is the way to go. Receipt Accounting is like the financial bodyguard for your supply chain. It makes sure everything is accounted for and nothing slips through the cracks.

upvoted 0 times

...

Oretha

30 days ago

D for sure. Receipt Accounting is the backbone of the whole supply chain process. Without it, how would we know what we've actually received and what needs to be paid for?

upvoted 0 times

...

Micah

1 month ago

D is the correct answer. Receipt Accounting is all about capturing the receipt of goods and services, and generating the necessary accounting entries for financial reporting. The other options don't really capture the core purpose of this functionality.

upvoted 0 times

...

Mila

1 month ago

D) It records the receipt of goods and services, creating accounting entries for financial reporting. This is the primary function of Receipt Accounting in Oracle Fusion Cloud SCM.

upvoted 0 times

...

Stephaine

2 months ago

I’m a bit confused; I thought Receipt Accounting was more about validating contracts, but now I’m not so sure.

upvoted 0 times

...

Janessa

2 months ago

I feel like option D sounds right since it talks about creating accounting entries, which seems crucial for financial reporting.

upvoted 0 times

...

Phillip

2 months ago

I remember a practice question that mentioned something about supplier invoices, but I don't think that's the main focus of Receipt Accounting.

upvoted 0 times

...

Gwen

2 months ago

I think Receipt Accounting is about recording the receipt of goods, but I'm not entirely sure if it also impacts financial reporting directly.

upvoted 0 times

...

Ettie

2 months ago

I've got this! Receipt Accounting is all about recording the receipt of goods and services, which then creates the necessary accounting entries. That's the primary function.

upvoted 0 times

...

Alpha

2 months ago

This question is testing our understanding of the core purpose of Receipt Accounting. I'll focus on identifying the most essential function.

upvoted 0 times

...

Adelle

3 months ago

I'm a bit confused by the options. I'll need to carefully read through each one and see which one best describes the primary function.

upvoted 0 times

...

Ligia

3 months ago

Okay, I've used Oracle Fusion Cloud SCM before, so I have a general idea of how Receipt Accounting works. I'll try to recall the key purpose.

upvoted 0 times

...

Yuette

3 months ago

Hmm, this seems like a tricky one. I'll need to think through the different functions of Receipt Accounting to determine the primary one.

upvoted 0 times

...