• 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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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Inventory and Work Order Costing- Manufacturing and work order costing
- Inventory transactions costing
Reporting and Analysis- Cost reconciliation and audit
- Cost analysis reports
Cost Accounting and Processing- Cost calculation processes
- Cost accounting distributions
- Period close and cost rollup
Setup and Configuration- Cost organization and cost profiles setup
- Inventory valuation setup
- Costing methods configuration
Cost Management Cloud Overview- Key business processes and architecture
- Integration with Oracle SCM Cloud

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

  • A. There is no difference between owned inventory and consigned inventory.
  • B. The quantity is tracked in inventory but not as an asset until there is an ownership event
  • C. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
  • D. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
  • E. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
  • F. The liability for a consigned item occurs when there is an ownership event.
Reveal Solution  Discussion  0

Correct Answer: A,C,D,F  🗳️

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

  • A. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
  • B. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs
  • C. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs.
  • D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
  • E. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

A chart of accounts (COA) must be specified on the accounting method for which two situations?

  • A. When using segment rules
  • B. When using ledgers that have unique accounting requirements
  • C. When using account combination rules
  • D. Every accounting method should have a COA.
  • E. When account combination rules use constants
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?

  • A. Purchase order information is automatically sent to Receipt Accounting using a real-time method
  • B. Purchase order information should not be imported into Receipt Accounting.
  • C. This process can only be scheduled and run from the Receipt Accounting work area
  • D. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
  • E. You do not have the role to import purchase order information into Receipt Accounting.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

At what level can you define item cost profiles?

  • A. Cost profiles are ultimately defined at the item level. Different items within the same inventory organization can use different cost profiles.
  • B. Different items within an inventory organization can use different cost profiles, but items within an item category must all use the same cost profile because that is the level at which the default cost profile is defined.
  • C. Item cost profiles are defined at the cost organization level. All items within a cost organization must use the same cost profile.
  • D. Item cost profiles are defined within an inventory organization. There can be only one cost method for an inventory organization.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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