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Oracle 1z0-1074-23 Exam Syllabus Topics:

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

1. Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?

A) Event Class: Period End Accrual Event Type: Period End Accrual
B) Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
C) Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
D) Event Class: Expense Accrual Event Type: Expense Accrual
E) Event Class: Expense Accrual Event Type: Period End Accrual

2. Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

A) Consigned items can appear on inventory reports with information about the eventual value of the consigned item
B) There is no difference between owned inventory and consigned inventory.
C) The liability for a consigned item occurs when there is an ownership event.
D) A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
E) The quantity is tracked in inventory but not as an asset until there is an ownership event
F) Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.

3. Identify two ways that standard cost is calculated.

A) Users must manually enter the cost of each configured item; the calculation is not automated.
B) The standard cost of the configured item is based on the purchase order price quoted by the supplier for the configured item.
C) The cost of a configured item is calculated based on the work definition of the model item.
D) The roll-up calculation can be performed to update standard costs for Cost Accounting purposes
E) The standard cost is the sum of the cost of the selected option items.

4. Identify two characteristics of Landed Cost charge names.

A) You can modify a charge name until it is associated with a trade operation.
B) You can use multiple currencies within a trade operation for the same charge name on different lines.
C) Duty is a seeded charge name for Landed Cost.
D) Charge names cannot be associated with a PO schedule.
E) Charge names cannot be used to tie an invoice to a trade operation.

5. Which two types of costs are included in the cost of contract manufactured items?

A) The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
B) The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
C) Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
D) The cost of the contract manufacturing service Item. This is the price that the contract
E) The cost of resources consumed at the OEM's factory

Solutions: