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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: Sep 10, 2026 Q & A: 80 Questions and Answers
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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Receipt Accounting | 20% | - Configure accrual options - Processes and reporting - Overview and work area |
| Topic 2: Standard Costs | 15% | - Manage scenarios and rates - Analyze variances - Create and roll up costs |
| Topic 3: Cost Accounting | 25% | - Costing methods: standard, perpetual, actual - Processing and daily tasks - Setup: organizations, books, elements |
| Topic 4: Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Topic 5: Project Enabled Supply Chain | 5% | - Project work order costing - Configuration overview |
| Topic 6: Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Topic 7: Subledger Accounting | 10% | - Accounting methods and exceptions - Account rules and journal setups |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Question #1
Identify two characteristics of a cost profile.
- A. It is used for Receipt Accounting.
- B. It is used for calculating the estimated cost of manufactured items under different scenarios.
- C. It is where you define your Cost Accounting policies.
- D. It is where you define which cost method you want to use for the cost component to cost element mapping.
Answer: A,C
Question #2
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
- A. Legal Entity and Cost Organization
- B. Business Unit and Legal Entity
- C. Business Unit and Cost Organization
- D. Business Unit and Inventory Organization
- E. Inventory Organization and Legal Entity
- F. Inventory Organization and Cost Organization
Answer: D
Question #3
Identify two ways that standard cost is calculated.
- A. The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
- B. Users must manually enter the cost of each configured item; the calculation is not automated.
- C. The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
- D. The standard cost is the sum of the cost of the selected option items.
- E. The cost of a configured item is calculated based on the work definition of the model item.
Answer: C,D
Question #4
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Run the "Activate Accounting Methods" process.
- B. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- C. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- D. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- E. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
Answer: C,E
Question #5
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 Receipt Accounting processes that show whether any processes failed and why.
- 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 accrual balances and clear them.
- E. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
Answer: C,D
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