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Oracle 1z0-1074-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2023 Implementation Essentials |
| Exam Number: | 1z0-1074-23 |
| Available Languages: | Korean, Japanese, Simplified Chinese, English |
| Real Exam Qty: | 55 |
| Certificate Validity Period: | 18 months |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle Financials Cloud Oracle Supply Chain Management Cloud |
| Exam Duration: | 90 minutes |
| Exam Price: | USD $245 |
| Passing Score: | 62% |
| Recommended Training: | Become a Certified Cost Management Implementer |
| Exam Registration: | Oracle University Exam Registration Pearson VUE Scheduling |
| Sample Questions: | Oracle 1z0-1074-23 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; recommended experience with Oracle SCM/Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/ouexam-pexam_1z0-1074-23/pexam_1Z0-1074-23 |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting | 25% | - Setup: organizations, books, elements - Processing and daily tasks - Costing methods: standard, perpetual, actual |
| Topic 2: Receipt Accounting | 20% | - Overview and work area - Configure accrual options - Processes and reporting |
| Topic 3: Managerial Accounting Overview | 15% | - Identify key implementation decisions - Explain cost accounting and integration |
| Topic 4: Standard Costs | 15% | - Manage scenarios and rates - Analyze variances - Create and roll up costs |
| Topic 5: Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Topic 6: Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
| Topic 7: Project Enabled Supply Chain | 5% | - Project work order costing - Configuration overview |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question 1
You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added.
Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?
A. Change the Receipt Close tolerance so it is 100 percent.
B. Change inventory items to accrue at period end.
C. Change the Purchasing Line types to 3-way match.
D. Change the Purchasing Line types to 4-way match.
E. Change expense items to accrue at period end.
Question 2
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
A. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
B. They must create their valuation units manually.
C. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
D. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
Question 3
Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
A. Receipt Accounting Real Time Report
B. Accrual Reconciliation Report
C. Accrual Clearing Report
D. Uninvoiced Receipt Accrual Report
E. Accrual Supplier Liability Report
Question 4
You can track costs at what granularity level in Cost Accounting for the actual costing method?
A. Grade, Subinventory, Locator, Serial
B. Grade, Serial, Group, Lot
C. Subinventory, Make, Lot, Serial
D. Subinventory, Lot, Serial, Locator
E. Subinventory. Lot, Serial, Grade
Question 5
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 Cost and Profit Planning and associate with the Trade Operations Template 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 Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs
D. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs
E. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs.
Solutions:
| Question 1 Answer: C,D | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: E | Question 5 Answer: D |
By Cliff
