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Oracle 1z0-1074-23 real answers - Oracle Cost Management Cloud 2023 Implementation Essentials

1z0-1074-23
  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Aug 08, 2026
  • Q & A: 80 Questions and Answers
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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Accounting- Cost Processing
  • 1. Manage transaction costing
  • 2. Configure cost accounting distributions
  • 3. Review accounting entries and cost adjustments
Topic 2: Receipt and Acquisition Costing- Procurement Costing
  • 1. Process acquisition costs
  • 2. Manage purchase order receipt costing
  • 3. Analyze landed cost impacts
Topic 3: Manufacturing Cost Management- Production Costing
  • 1. Process manufacturing cost transactions
  • 2. Manage work order costing
  • 3. Analyze resource and overhead costs
Topic 4: Cost Period Close and Reporting- Period-End Activities
  • 1. Reconcile inventory and accounting balances
  • 2. Execute cost accounting period close
  • 3. Generate cost management reports
Topic 5: Inventory Costing Configuration- Cost Structures and Cost Elements
  • 1. Define cost profiles
  • 2. Configure cost elements and cost components
  • 3. Manage valuation units
Topic 6: Troubleshooting and Analysis- Diagnostics and Exception Handling
  • 1. Analyze transaction processing issues
  • 2. Resolve accounting and valuation discrepancies
  • 3. Review costing errors and exceptions
Topic 7: Cost Management Foundations- Cost Management Architecture
  • 1. Configure cost organizations and cost books
  • 2. Understand Oracle Cost Management Cloud concepts
  • 3. Define inventory valuation structures

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

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


2. You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

A) Reference Types
B) Trade Operation Templates
C) Routes
D) Charge Name
E) Trade Operation


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

A) Business Unit and Cost Organization
B) Business Unit and Inventory Organization
C) Inventory Organization and Cost Organization
D) Business Unit and Legal Entity
E) Legal Entity and Cost Organization
F) Inventory Organization and Legal Entity


4. If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A) Rule sets that use the same chart of accounts
B) Rule sets that have a mapping set to convert the accounts
C) Rule sets assigned to a secondary ledger with a different COA
D) Rule sets not associated with any chart of accounts
E) Rule sets where the accounting rules override the method rule set


5. An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
How do you get the journal line rule to calculate the gain or loss?

A) Turn on the Subledger Gain or Loss Option.
B) Create a foreign reporting currency to track gain/loss.
C) Create a secondary ledger to track gain/loss.
D) Subledger Accounting is already set up to process it.


Solutions:

Question # 1
Answer: A,D
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: A,D
Question # 5
Answer: A

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