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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?

A) Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
B) Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
C) They cannot change their current configuration; data generated by Quick Setup cannot be changed.
D) They must create their valuation units manually.

2. You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.

A) The assembly item is marked as Perpetual Average costed.
B) The item has no on-hand inventory.
C) The Work Definition is incomplete.
D) Burdens have not been established for the item
E) Outstanding purchase orders have not been received.

3. A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?

A) Open
B) Close Pending
C) Closed
D) Permanently Closed
E) Never Opened

4. Which two statements are true about Cost Accounting books? (Choose two.)

A) A cost organization has one book that posts to the primary ledger.
B) A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
C) Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
D) Every cost organization must use different book names; they cannot be shared.

5. 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) Reference Types
C) Charge Name
D) Trade Operation Templates
E) Trade Operation

Solutions: