Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Cost Management Cloud
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Updated: Oct 10, 2026
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Oracle 1z0-1074-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2023 Implementation Essentials |
| Exam Number: | 1z0-1074-23 |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 55 |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle Supply Chain Management Cloud Oracle Financials Cloud |
| Available Languages: | Japanese, Simplified Chinese, Korean, English |
| Certificate Validity Period: | 18 months |
| Passing Score: | 62% |
| Exam Price: | USD $245 |
| Recommended Training: | Become a Certified Cost Management Implementer |
| Exam Registration: | Pearson VUE Scheduling Oracle University Exam Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; recommended experience with Oracle SCM/Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/ouexam-pexam_1z0-1074-23/pexam_1Z0-1074-23 |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receipt Accounting | 20% | - Processes and reporting - Configure accrual options - Overview and work area |
| Cost Accounting | 25% | - Processing and daily tasks - Costing methods: standard, perpetual, actual - Setup: organizations, books, elements |
| Landed Cost Management | 10% | - Overview and configuration - Manage charges and routes |
| Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Standard Costs | 15% | - Create and roll up costs - Manage scenarios and rates - Analyze variances |
| Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
Questions Candidates Ask About Oracle Cost Management Cloud 2023 Implementation Essentials
Oracle Cost Management Cloud 2023 Implementation Essentials is an official Oracle certification exam, listed under the code 1z0-1074-23. Clearing it earns the Oracle Cost Management Cloud 2023 Certified Implementation Professional certification, a Implementation Professional-level credential. It also ties into Oracle Supply Chain Management Cloud, Oracle Financials Cloud, which makes it a useful anchor for a longer certification plan. For employers, the value is simple: the vendor itself has verified what you know.
You will work through 55 questions in 90 minutes on the Oracle Cost Management Cloud 2023 Implementation Essentials exam. The content is only half the battle; the clock is the other half. Train both at once: set the PrepAwayPDF test engine to full timed mode, practice skipping and returning to stubborn items, and repeat until finishing with minutes to spare feels normal rather than lucky.
Passing Oracle Cost Management Cloud 2023 Implementation Essentials requires 62%, and the official registration fee is USD $245. Remember that a retake bills the same USD $245 all over again, so winging it is the most expensive strategy on the table. A better approach: benchmark yourself with the PrepAwayPDF practice tests first, and schedule the real exam only once your scores sit comfortably and consistently above the requirement.
No formal prerequisites; recommended experience with Oracle SCM/Financials Cloud
Requirements do evolve, so before you spend a registration fee, verify the current conditions on the official exam page.
Registration for Oracle Cost Management Cloud 2023 Implementation Essentials is handled through the vendor's official channels below.
One more detail for your planning: the exam is delivered Online proctored or onsite at Pearson VUE test centers.
Oracle recommends the following training resources for the Oracle Cost Management Cloud 2023 Implementation Essentials exam.
Training tells you what to learn; practice questions teach you how the exam asks it. Pair either with the 80 items in the PrepAwayPDF 1z0-1074-23 package and you cover both halves.
Yes. The free demo on this page contains a portion of the complete Oracle Cost Management Cloud 2023 Implementation Essentials question set, enough to judge the accuracy and the clarity of the explanations for yourself. After purchase, updates are free for 365 days, and once your product expires you can extend the update service at a 50% discount.
PrepAwayPDF provides a 100% money-back guarantee with clearly stated conditions. Take the Oracle Cost Management Cloud 2023 Implementation Essentials exam within 60 days of purchase; if you fail, you may claim a full refund, as long as the exam matches your product. Exams taken within 3 days of purchase are not eligible, and neither are products that were downloaded but never used, free materials, or expired orders; the candidate name must match the payer name. File the claim with a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and it is processed within 7 days. If you would rather exchange than refund, you can receive two other exam products of equal value free of charge and keep the update service on your original purchase.
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The official Oracle Cost Management Cloud 2023 Implementation Essentials syllabus comprises 7 domains. The heaviest hitters are Landed Cost Management (10%), Cost Accounting (25%), and Receipt Accounting (20%). The complete outline sits above on this page; walk it top to bottom and mark every line you could not teach to someone else.
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
The process to map the AP invoices to the trade operation charges has completed. Which entity did the application use to do this?
- A. Routes
- B. PreReference Types
- C. Charge Names
- D. Trade Operation Template
- E. Material Receipts
Correct Answer: B 🗳️
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
- A. Create Data Access on the Accounts Payable role for the correct cost organization.
- B. Create Data Access on the Cost Accountant role for the correct cost organization.
- C. Create Data Access on the Accounts Payable role for the correct inventory organization.
- D. Create Data Access on the Cost Accountant role for the correct inventory organization.
Correct Answer: B 🗳️
Identify the four types of cost adjustments.
- A. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.
- B. Authorized users can manually create cost adjustments.
- C. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
- D. A standard cost update will create an inventory value adjustment.
- E. A change to a requisition after the purchase order has been created will create a cost adjustment.
- F. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
Correct Answer: A,C,D,F 🗳️
Identify two characteristics of a cost profile.
- A. It is used for calculating the estimated cost of manufactured items under different scenarios.
- B. It is where you define which cost method you want to use for the cost component to cost element mapping.
- C. It is used for Receipt Accounting.
- D. It is where you define your Cost Accounting policies.
Correct Answer: C,D 🗳️
Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)
- A. You don't have to create any definitions for cost books.
- B. You can control which definitions are visible to different cost organizations
- C. You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
- D. You can streamline your setup effort.
- E. You have the option to share setup data across all cost organizations using the common set.
- F. You can share definitions across multiple cost organizations.
Correct Answer: C,D,E,F 🗳️
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