• Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Cost Management Cloud
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1z0-1074-23
  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Oct 03, 2026
  • No. of Questions: 80 Questions and Answers
  • Download Limit: Unlimited

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionWeightObjectives
Project Enabled Supply Chain5%- Configuration overview
- Project work order costing
Landed Cost Management10%- Manage charges and routes
- Overview and configuration
Subledger Accounting10%- Accounting methods and exceptions
- Account rules and journal setups
Cost Accounting25%- Costing methods: standard, perpetual, actual
- Processing and daily tasks
- Setup: organizations, books, elements
Standard Costs15%- Create and roll up costs
- Analyze variances
- Manage scenarios and rates
Receipt Accounting20%- Overview and work area
- Configure accrual options
- Processes and reporting
Managerial Accounting Overview15%- Explain cost accounting and integration
- Identify key implementation decisions

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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?

  • A. Review their accrual balances and clear them.
  • B. Review their audit receipt accrual clearing balances.
  • C. Review their Receipt Accounting processes that show whether any processes failed and why.
  • D. 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.
  • E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Identify two characteristics of a cost profile.

  • A. It is where you define which cost method you want to use for the cost component to cost element mapping.
  • B. It is used for calculating the estimated cost of manufactured items under different scenarios.
  • C. It is where you define your Cost Accounting policies.
  • D. It is used for Receipt Accounting.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

  • A. Inventory Organization and Cost Organization
  • B. Business Unit and Inventory Organization
  • C. Business Unit and Legal Entity
  • D. Legal Entity and Cost Organization
  • E. Inventory Organization and Legal Entity
  • F. Business Unit and Cost Organization
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Identify two characteristics of an expense pool. (Choose two.)

  • A. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
  • B. You can define the name of your expense pool, but you cannot define more than one.
  • C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
  • D. It is used only for analyzing gross margins on noninventory sales of services.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Identify two characteristics of Landed Cost charge names.

  • A. Charge names cannot be used to tie an invoice to a trade operation.
  • B. You can use multiple currencies within a trade operation for the same charge name on different lines.
  • C. Duty is a seeded charge name for Landed Cost.
  • D. Charge names cannot be associated with a PO schedule.
  • E. You can modify a charge name until it is associated with a trade operation.
Reveal Solution  Discussion  0

Correct Answer: B,E  🗳️

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