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

"Oracle Cost Management Cloud 2023 Implementation Essentials", also known as 1z0-1074-23 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 80 Q&As to your 1z0-1074-23 Exam preparation. In the 1z0-1074-23 exam resources, you will cover every field and category in Cost Management Cloud Certification helping to ready you for your successful Oracle Certification.

  • Exam Code: 1z0-1074-23
  • Exam Name: Oracle Cost Management Cloud 2023 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Cost Management Cloud
  • Updated: Oct 31, 2026
  • No. of Questions: 80 Questions & Answers with Testing Engine
  • Download Limit: Unlimited
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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
Exam Format:Multiple Choice
Passing Score:68%
Related Certifications:Oracle Fusion Cloud SCM Certification
Oracle Cost Management Cloud 2023 Certified Implementation Professional
Real Exam Qty:50
Exam Price:$245 USD
Available Languages:English
Certificate Validity Period:Oracle certifications currently do not have a fixed expiration period, but credential relevance follows Oracle Cloud product release cycles.
Sample Questions: DOWNLOAD DEMO
Exam Way:Online Proctored Exam or Pearson VUE Test Center
Pre Condition:Oracle recommends implementation experience with Oracle Fusion Cloud Supply Chain Management applications and familiarity with inventory, procurement, manufacturing, and cost accounting processes.
Official Syllabus URL:https://education.oracle.com/oracle-cost-management-cloud-2023-implementation-professional/trackp_OMC23CIP

Oracle 1z0-1074-23 Exam Syllabus Topics:

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

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The official Oracle Cost Management Cloud 2023 Implementation Essentials outline distributes weight like this:
  • Cost Accounting ()
  • Cost Period Close and Reporting ()
  • Inventory Costing Configuration ()
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Oracle recommends implementation experience with Oracle Fusion Cloud Supply Chain Management applications and familiarity with inventory, procurement, manufacturing, and cost accounting processes.
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Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

You have just finished modifying an accounting method. What is the final step to complete the accounting method configuration?

  • A. Activate its journal entry rule set assignments.
  • B. Transfer costs to Cost Management.
  • C. Execute the Preprocessor.
  • D. Create Accounting.
  • E. Transfer transactions from Receiving to Costing.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Which three tasks can be completed in the Receipt Accounting work area?

  • A. Review Cost Accounting Distributions
  • B. Review Item Costs
  • C. Create Accounting
  • D. Create Receipt Accounting Distributions
  • E. Review and Approve Item Cost Profiles
  • F. Manage Accrual Clearing Rules
Reveal Solution  Discussion  0

Correct Answer: A,D,F  🗳️

Which three features are included in Receipt Accounting?

  • A. Review Journal Entries
  • B. Analyze Standard Purchase Cost Variances
  • C. Create Receipt Accounting Distribution
  • D. Review Item Costs
  • E. Adjust Receipt Accrual Clearing Balances
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

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Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

  • A. Inventory Account Balances Report
    B COGS Account Balances Report
  • B. Costing Balances Report
  • C. Inventory Valuation Report
  • D. Revenue and COGS Matching Report
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Identify three Landed Cost Management tasks.

  • A. Review Journal Entries
  • B. View Rolled Up Costs
  • C. Manage Cost Scenarios
  • D. Capture Charges
  • E. Perform Allocations
  • F. Create Accounting
Reveal Solution  Discussion  0

Correct Answer: D,E,F  🗳️

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