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:
| Section | Weight | Objectives |
|---|---|---|
| Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Receipt Accounting | 20% | - Processes and reporting - Overview and work area - Configure accrual options |
| Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Standard Costs | 15% | - Create and roll up costs - Analyze variances - Manage scenarios and rates |
| Cost Accounting | 25% | - Setup: organizations, books, elements - Processing and daily tasks - Costing methods: standard, perpetual, actual |
| Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Clear Receipt Accrual Balances process.
- B. Run the Transactions from Receiving to Costing process.
- C. Run the Create Accounting process.
- D. Run the Transfer Costs from Payables to Cost Management process.
- E. Run the Transactions from Procurement to Costing process.
Identify two reference types used to tie a receipt trade operation to an expense invoice for landing.
- A. Shipment number
- B. Internal requisition number
- C. Expense invoice number
- D. Bill of Lading
- E. Receipt number
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. The Work Definition is incomplete.
- B. Burdens have not been established for the item
- C. The assembly item is marked as Perpetual Average costed.
- D. Outstanding purchase orders have not been received.
- E. The item has no on-hand inventory.
Which three predefined areas can you review on the Overview page of Cost Accounting? (Choose three.)
- A. Inventory Valuation
- B. Cost Processing
- C. Journal Entries
- D. Work Order Costs
- E. Item Costs
- F. Purchase Variance Summary
Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?
- A. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
- B. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
- C. Create the cost in Manage Cost Scenarios.
- D. This requirement will already be met by the default data generated when using Quick Setup.
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