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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 |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Response, Multiple Choice |
| Related Certifications: | Oracle SCM Cloud Certifications Oracle Cost Management Cloud Implementation Professional |
| Passing Score: | ~68% |
| Real Exam Qty: | 55 (approx.) |
| Exam Price: | USD 245 (may vary by country/region) |
| Certificate Validity Period: | 18 months (Oracle certification policy may vary by track) |
| Recommended Training: | Oracle SCM Cloud Learning Path Oracle University Cost Management Cloud Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: | Oracle 1z0-1074-23 Sample Questions |
| Exam Way: | Online proctored or testing center (Pearson VUE) |
| Pre Condition: | Basic understanding of Oracle SCM Cloud and financial/cost accounting concepts is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Setup and Configuration | - Cost organization and cost profiles setup - Inventory valuation setup - Costing methods configuration |
| Topic 2: Cost Accounting and Processing | - Cost calculation processes - Period close and cost rollup - Cost accounting distributions |
| Topic 3: Inventory and Work Order Costing | - Inventory transactions costing - Manufacturing and work order costing |
| Topic 4: Reporting and Analysis | - Cost analysis reports - Cost reconciliation and audit |
| Topic 5: Cost Management Cloud Overview | - Key business processes and architecture - Integration with Oracle SCM Cloud |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?
- A. Shipping
- B. Purchasing
- C. Inventory
- D. Order Management
- E. Financial Orchestration
Correct Answer: E 🗳️
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. Add the subledger journal entry rule sets to the Manage Accounting Methods task.
- B. Validate the subledger journal entry rule sets using Validate Journal Entry Rule Set.
- C. Add the subledger journal entry rule sets to the Manage Journal Entry Rule Set task.
- D. Run the "Activate Subledger Journal Entry Rule Set Assignments" process.
- E. Run the "Activate Accounting Methods" process.
Correct Answer: A,D 🗳️
Which three features are included in Receipt Accounting?
- A. Analyze Standard Purchase Cost Variances
- B. Create Receipt Accounting Distribution
- C. Adjust Receipt Accrual Clearing Balances
- D. Review Journal Entries
- E. Review Item Costs
Correct Answer: B,C,D 🗳️
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Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?
- A. Accrual Reconciliation Report
- B. Accrual Clearing Report
- C. Uninvoiced Receipt Accrual Report
- D. Accrual Supplier Liability Report
- E. Receipt Accounting Real Time Report
Correct Answer: A 🗳️
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Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?
- A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
- B. The quantity is tracked in inventory but not as an asset until there is an ownership event
- C. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
- D. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
- E. There is no difference between owned inventory and consigned inventory.
- F. The liability for a consigned item occurs when there is an ownership event.
Correct Answer: A,C,E,F 🗳️
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