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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. You can track costs at what granularity level in Cost Accounting for the actual costing method?

A) Subinventory, Lot, Serial, Locator
B) Subinventory, Make, Lot, Serial
C) Grade, Subinventory, Locator, Serial
D) Subinventory. Lot, Serial, Grade
E) Grade, Serial, Group, Lot

2. 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) Routes
B) Trade Operation Templates
C) Reference Types
D) Trade Operation
E) Charge Name

3. Identify four reasons to use the set ID when defining Cost Accounting setups. (Choose four)

A) You can streamline your setup effort.
B) You can control which definitions are visible to different cost organizations
C) You don't have to create any definitions for cost books.
D) You can share definitions across multiple cost organizations.
E) You can take advantage of the business unit-to-set ID mapping defined in Cost Accounting.
F) You have the option to share setup data across all cost organizations using the common set.

4. Identify the four types of cost adjustments.

A) A standard cost update will create an inventory value adjustment.
B) When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder.
C) A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.
D) A change to a requisition after the purchase order has been created will create a cost adjustment.
E) Authorized users can manually create cost adjustments.
F) A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment.

5. Identify two characteristics of a cost profile.

A) It is used for calculating the estimated cost of manufactured items under different scenarios.
B) It is where you define which cost method you want to use for the cost component to cost element mapping.
C) It is where you define your Cost Accounting policies.
D) It is used for Receipt Accounting.

Solutions: