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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

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

A) Every accounting method should have a COA.
B) When account combination rules use constants
C) When using segment rules
D) When using ledgers that have unique accounting requirements
E) When using account combination rules

2. 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) Create the cost in Manage Cost Scenarios.
B) Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
C) You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
D) This requirement will already be met by the default data generated when using Quick Setup.

3. 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

4. You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?

A) It can help you with consolidated financial reporting.
B) It can help you understand true margins and value added by internal business units through the internal supply chain.
C) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
D) It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
E) It is only used when you do not need to maintain an arm's length relationship.

5. Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A) Business Unit and Legal Entity
B) Business Unit and Inventory Organization
C) Inventory Organization and Legal Entity
D) Inventory Organization and Cost Organization
E) Legal Entity and Cost Organization
F) Business Unit and Cost Organization

Solutions: