Oracle 1z0-1074-23 exam dumps : Oracle Cost Management Cloud 2023 Implementation Essentials

  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Updated: Sep 10, 2026     Q & A: 80 Questions and Answers

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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Accounting and Processing- Period close and cost rollup
- Cost calculation processes
- Cost accounting distributions
Topic 2: Reporting and Analysis- Cost reconciliation and audit
- Cost analysis reports
Topic 3: Cost Management Cloud Overview- Key business processes and architecture
- Integration with Oracle SCM Cloud
Topic 4: Setup and Configuration- Cost organization and cost profiles setup
- Inventory valuation setup
- Costing methods configuration
Topic 5: Inventory and Work Order Costing- Inventory transactions costing
- Manufacturing and work order costing

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Question #1

A chart of accounts (COA) must be specified on the accounting method for which two situations?

  • A. When using segment rules
  • B. When using account combination rules
  • C. When account combination rules use constants
  • D. Every accounting method should have a COA.
  • E. When using ledgers that have unique accounting requirements
Answer: A,D
Question #2

The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?

  • A. Charge Names
  • B. PreReference Types
  • C. Trade Operation Template
  • D. Material Receipts
  • E. Routes
Answer: B
Question #3

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

  • A. Debit Receiving Inspection, Credit Accrued Liability
  • B. Debit Expense, Credit Expense Accrual
  • C. Debit Accrued Liability, Credit Accounts Payable
  • D. Debit Expense, Credit Receiving Inspection
  • E. Debit Charge Account (expense or inventory), Credit Receiving Inspection
Answer: E
Question #4

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

  • A. You can define the name of your expense pool, but you cannot define more than one.
  • B. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
  • C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
  • D. It is used only for analyzing gross margins on noninventory sales of services.
Answer: B,C
Question #5

Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

  • A. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
  • B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
    > Set Accrue Expense Items to Period End.
  • C. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
  • D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
  • E. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
  • F. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
    > Set Accrue Expense Items to At Receipt.
Answer: C,F

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