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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionWeightObjectives
Project Enabled Supply Chain5%- Project work order costing
- Configuration overview
Subledger Accounting10%- Account rules and journal setups
- Accounting methods and exceptions
Standard Costs15%- Manage scenarios and rates
- Analyze variances
- Create and roll up costs
Cost Accounting25%- Setup: organizations, books, elements
- Costing methods: standard, perpetual, actual
- Processing and daily tasks
Landed Cost Management10%- Manage charges and routes
- Overview and configuration
Receipt Accounting20%- Configure accrual options
- Processes and reporting
- Overview and work area
Managerial Accounting Overview15%- Explain cost accounting and integration
- Identify key implementation decisions

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario

  • A. Work definitions with specific unit numbers
  • B. Work definitions with the highest production priority
  • C. Work definitions with the lowest production priority
  • D. Work definitions without alternates
  • E. Work definitions with the highest costing priority
Reveal Solution  Discussion  0

Correct Answer: B,E  🗳️

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

  • A. Business Unit and Inventory Organization
  • B. Business Unit and Cost Organization
  • C. Legal Entity and Cost Organization
  • D. Inventory Organization and Cost Organization
  • E. Inventory Organization and Legal Entity
  • F. Business Unit and Legal Entity
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

You are configuring Landed Cost Management for client proof of concept and only want to set up required tasks. Which task must be completed?

  • A. Charge Name
  • B. Trade Operation Templates
  • C. Routes
  • D. Reference Types
  • E. Trade Operation
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Identify four characteristics of a cost element.

  • A. Users can define any number of cost elements.
  • B. It is user-defined.
  • C. It is the granularity at which costs are tracked and accounted.
  • D. The mapping of cost components into cost elements is user-defined.
  • E. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
  • F. It uses date effectivity.
Reveal Solution  Discussion  0

Correct Answer: B,D,E,F  🗳️

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

  • A. Rule sets assigned to a secondary ledger with a different COA
  • B. Rule sets where the accounting rules override the method rule set
  • C. Rule sets not associated with any chart of accounts
  • D. Rule sets that use the same chart of accounts
  • E. Rule sets that have a mapping set to convert the accounts
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

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