Oracle 1z0-1074-23 Q&A - in .pdf

  • 1z0-1074-23 pdf
  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 16, 2026
  • Q & A: 80 Questions and Answers
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  • Q & A: 80 Questions and Answers
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  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 16, 2026
  • Q & A: 80 Questions and Answers
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Oracle 1z0-1074-23 Exam Syllabus Topics:

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

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

Identify two characteristics of Landed Cost charge names.

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

Correct Answer: C,E  🗳️

Question #2

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

Correct Answer: C,E  🗳️

Question #3

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

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

Correct Answer: B,C  🗳️

Question #4

Which statement is true regarding the cost cutoff date in Cost Accounting?

  • A. It only affects whether or not you can process a cost adjustment.
  • B. Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.
  • C. Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.
  • D. Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?

  • A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
  • B. It will use the work definition with the January 2, 2016 effective date.
  • C. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
  • D. It must always use the work definition with the October 1, 2015 effective date.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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