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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting | - Cost Processing
|
| Topic 2: Cost Management Foundations | - Cost Management Architecture
|
| Topic 3: Inventory Costing Configuration | - Cost Structures and Cost Elements
|
| Topic 4: Manufacturing Cost Management | - Production Costing
|
| Topic 5: Cost Period Close and Reporting | - Period-End Activities
|
| Topic 6: Receipt and Acquisition Costing | - Procurement Costing
|
| Topic 7: Troubleshooting and Analysis | - Diagnostics and Exception Handling
|
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question 1
Which two steps need to be completed to estimate landed costs?
A. Allocate charges
B. Update standard costs.
C. Prepare the Material Purchase Order Data process.
D. Transfer transactions from the Inventory to the Costing process.
E. Transfer transactions from the Payables to the Costing process.
Question 2
You have an item with two work definitions. One work definition is production priority 1 and named Plan A.
Another work definition is production priority 2 and named Plan B.
In your cost planning scenario, you have specified the work definition selection criteria as name and then production priority, and you have defined the name as Plan B.
How will the application select the work definition?
A. The application will use the work definition that is named Plan B.
B. The application will generate an error because there are two work definitions for the same item.
C. While you can have more than one work definition for the same item, the cost scenario has no way to unambiguously select one of them.
D. The scenario will choose the work definition that is production priority 1.
E. The cost planning scenario will use both work definitions for the item.
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. Uninvoiced Receipt Accrual Report
B. Receipt Accounting Real Time Report
C. Accrual Supplier Liability Report
D. Accrual Reconciliation Report
E. Accrual Clearing Report
Question 4
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. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
C. The liability for a consigned item occurs when there is an ownership event.
D. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
E. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
F. The quantity is tracked in inventory but not as an asset until there is an ownership event
Question 5
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.
Solutions:
| Question 1 Answer: A,C | Question 2 Answer: D | Question 3 Answer: D | Question 4 Answer: A,B,C,E | Question 5 Answer: D |
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