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Oracle 1z0-1074-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Standard Costs | 15% | - Manage scenarios and rates - Create and roll up costs - Analyze variances |
| Cost Accounting | 25% | - Costing methods: standard, perpetual, actual - Processing and daily tasks - Setup: organizations, books, elements |
| Project Enabled Supply Chain | 5% | - Configuration overview - Project work order costing |
| Managerial Accounting Overview | 15% | - Explain cost accounting and integration - Identify key implementation decisions |
| Landed Cost Management | 10% | - Manage charges and routes - Overview and configuration |
| Subledger Accounting | 10% | - Account rules and journal setups - Accounting methods and exceptions |
| Receipt Accounting | 20% | - Configure accrual options - Overview and work area - Processes and reporting |
Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Transactions from Procurement to Costing process.
- B. Run the Transactions from Receiving to Costing process.
- C. Run the Clear Receipt Accrual Balances process.
- D. Run the Transfer Costs from Payables to Cost Management process.
- E. Run the Create Accounting process.
Correct Answer: B 🗳️
Identify four processors available in the cost processor.
- A. Receipt Processor
- B. Cost Distribution Processor
- C. Cost Accounting Processor
- D. Cost of Goods Sold Processor
- E. Cost Reports Processor
- F. Costing Period Processor
Correct Answer: B,C,D,E 🗳️
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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 is only used when you do not need to maintain an arm's length relationship.
- 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 can help you with consolidated financial reporting.
Correct Answer: B,C,E 🗳️
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Import standard costs from receipt layers.
- B. Create Standard Cost in a spreadsheet.
- C. Manage the Standard Cost task.
- D. Manage the Item Cost task.
Correct Answer: B,C 🗳️
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
- B. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- C. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- D. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
- E. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
Correct Answer: D 🗳️
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